WHICH OF THE FOLLOWING STATEMENTS ABOUT INDEFINITE-LIVED INTANGIBL...

16. Which of the following statements about indefinite-lived intangible assets is most

accurate?

A. They are amortized on a straight-line basis over a period not to exceed 40

years.

B. They are reported on the balance sheet indefinitely.

C. They never appear on the balance sheet unless they are internally

developed.