Asked by Gabrielle Gwizdala on May 01, 2024
Verified
Mickey Mouse
A) Patent
B) Copyright
C) Trademark
D) Goodwill
Copyright
A form of intellectual property that grants the creator exclusive rights to their original works of authorship like writings, music, and artworks.
Patent
Legal right granted by a government to an inventor, allowing them to exclude others from making, using, or selling their invention for a certain period of time.
Trademark
A legal designation that protects the exclusive use of a brand or product name.
- Become familiar with the treatment and classification of intangible assets within accounting practices.
Verified Answer
LS
Lianna SirelMay 07, 2024
Final Answer :
C
Explanation :
Mickey Mouse is a well-known symbol of the Disney brand and is protected as a trademark. Patents protect inventions or processes, copyrights protect creative works, and goodwill is a measure of a company's reputation and customer loyalty.
Learning Objectives
- Become familiar with the treatment and classification of intangible assets within accounting practices.