Question

The creative chief executive of a corporation who is
personally responsible for numerous
inventions and
innovations is not reported as an asset on the corporation's
balance sheet. The accounting principle/guideline that
prevents the corporation for reporting this person as an asset is...

Answer 1

Answer:

The creative chief executive of a corporation who is personally responsible for numerous inventions and innovations is not reported as an asset on the corporation’s balance sheet. The accounting principle/guideline that prevents the corporation for reporting this person as an asset is