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Basic Question 0 of 5
Which of the following statements is most accurate? A company that has developed intangible assets internally will:
B. recognize a higher amount of assets than a company that has obtained intangible assets through an external purchase.
C. report an amount of assets that is equivalent to that of a company that has obtained intangible assets through an external purchase.
A. recognize a lower amount of assets than a company that has obtained intangible assets through an external purchase.
B. recognize a higher amount of assets than a company that has obtained intangible assets through an external purchase.
C. report an amount of assets that is equivalent to that of a company that has obtained intangible assets through an external purchase.
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Learning Outcome Statements
compare the financial reporting of the following types of intangible assets: purchased, internally developed, and acquired in a business combination
CFA® 2025 Level I Curriculum, Volume 2, Module 7.