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"Financial Report"：Long-Lived Assets
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Questions 1:
Holding all else constant, a company that develops intangible assets internally rather than purchasing them is most likely to report:
A、 lower amounts of assets.
B、 higher investing cash outflows.
C 、lower operating cash outflows.
Questions 2:
A company is purchasing a customer list that it expects will provide economic benefits for the next 5 years. The company chooses to use an accelerated amortization method. The choice will most likely result in an amortization expense that will be the:
A、 highest in the fifth year.
B、 highest in the first year.
C、 same in all five years.
View answer resolution
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