The intangible asset included on the statement of financial position from the options provided is "franchises".

Here's why:

1. Land Improvements: These are enhancements to a piece of real estate property and are considered tangible assets because they physically exist.

2. Franchises: These are agreements or rights to sell a company's products or services. They are considered intangible assets because they do not physically exist but still hold value for a company.

3. Equipment: This is a physical asset used in a company's operations, making it a tangible asset.

4. Research: This is typically considered an expense rather than an asset, and even if it were considered an asset, it would be intangible. However, in most accounting standards, research costs are expensed as incurred and not capitalized as an asset.

So, the correct answer is "franchises".

Question

The intangible asset included on the statement of financial position from the options provided is "franchises".

Here's why:

1. Land Improvements: These are enhancements to a piece of real estate property and are considered tangible assets because they physically exist.

2. Franchises: These are agreements or rights to sell a company's products or services. They are considered intangible assets because they do not physically exist but still hold value for a company.

3. Equipment: This is a physical asset used in a company's operations, making it a tangible asset.

4. Research: This is typically considered an expense rather than an asset, and even if it were considered an asset, it would be intangible. However, in most accounting standards, research costs are expensed as incurred and not capitalized as an asset.

So, the correct answer is "franchises".

Knowee AI · Accepted Answer

The intangible asset included on the statement of financial position from the options provided is "franchises".

Here's why:

1. Land Improvements: These are enhancements to a piece of real estate property and are considered tangible assets because they physically exist.

2. Franchises: These are agreements or rights to sell a company's products or services. They are considered intangible assets because they do not physically exist but still hold value for a company.

3. Equipment: This is a physical asset used in a company's operations, making it a tangible asset.

4. Research: This is typically considered an expense rather than an asset, and even if it were considered an asset, it would be intangible. However, in most accounting standards, research costs are expensed as incurred and not capitalized as an asset.

So, the correct answer is "franchises".

Which of the following is included as an intangible asset on the statement of financial position?Select answer from the options belowland improvementsfranchisesequipmentresearchSave for LaterSubmit Answer

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