The following intangible fixed assets are shown

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: balance sheet category entitled "Intangible Fixed Assets" an asset must be intangible and not a financial fixed asset. Separate line items in the balance sheet for: (1) Formation expansion expenses; (2) Research, development, and advertising costs; (3) Rights for industrial patents and rights for the exploitation of intellectual properties; (4) Concessions, licenses, trademarks and similar rights; (5) Goodwill; (6) Fixed assets in the course of revaluation and payments on account; and (7) Others. The following intangible fixed assets are shown separately: (1) Research and development costs, (2) Concessions, patents, licenses, trademarks and similar rights and assets, if they were: acquired for valuable consideration or created by the company itself, (3) Goodwill, to the extent that it was acquired for valuable consideration. (4) Payments on account. Formation expenses, which include costs relating to capital increases, are disclosed under a separate heading. This category includes: (1) Bond issue costs and share capital iss...
View Full Document

This note was uploaded on 05/02/2013 for the course ECONOMIC economics taught by Professor Economics during the Fall '13 term at Elmont Memorial High School.

Ask a homework question - tutors are online