Which statement is true in relation to control by the

19. Which statement is true in relation to control by the entity of the intangible asset?
a. The skill of employees arising out of the benefits of training costs cannot be recognized as
intangible asset
b. All of these statements are true
c. Market share and customer loyalty cannot normally be recognized as intangible asset because an
entity cannot control the action of customers
d. The capacity of the entity to control the economic benefits from an intangible asset would normally
stem from legal rights that are enforceable in a court of law.
20. Which disclosure is not required with respect to intangible assets? 21. Amortization of an intangible asset with a finite useful life shall commence when 22. Which of the following would be considered research and development? 23. Which of the following would qualify as an intangible asset?
a. Operating loss during the initial stage of the project
b. Tuition fee paid to employees who decide to enroll in an M.B.A program while working with the
entity
c. Advertising and promotion
d. Legal cost paid to lawyers to register a patent
24. Research activities include all of the following, except