Solved

Match Each Description to Its Term

Question 185

Matching

Match each description to its term

Premises:
The amount paid for a business in excess of its fair market value
A registered symbol or name to identify a product or service
An exclusive right for 20 years to produce a particular product
A contract restricting the rights of others to operate in a specific industry
A right to occupy land or buildings under a long-term rental contract
An exclusive right to sell literary, artistic, or musical works and computer software
Capitalized costs associated with computer programs developed for sale, lease, or internal use
A right to an exclusive territory or market
A planned search for a new product, as well as pure research
Access to the names of subscribers or patrons
Responses:
Leasehold
Trademark
Copyright
Patent
Customer list
Goodwill
Software
Noncompete covenant
Franchise
Research and development

Correct Answer:

The amount paid for a business in excess of its fair market value
A registered symbol or name to identify a product or service
An exclusive right for 20 years to produce a particular product
A contract restricting the rights of others to operate in a specific industry
A right to occupy land or buildings under a long-term rental contract
An exclusive right to sell literary, artistic, or musical works and computer software
Capitalized costs associated with computer programs developed for sale, lease, or internal use
A right to an exclusive territory or market
A planned search for a new product, as well as pure research
Access to the names of subscribers or patrons
Related Questions

Q158: Ronald Company has current assets of $115,000

Q163: Calculate answers to the following questions using

Q170: State whether each situation below implies a

Q177: Contrast the accounting problems presented by definitely

Q177: Kahn Company had cash sales of $60,000

Q179: Jim Janney is paid $6 per hour,

Q181: Lee Provo is paid $8 per hour,plus

Q186: Indicate whether each of the following expenditures

Q187: Indicate whether each of the following expenditures

Q191: Calculate answers to the following questions using

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents