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Identify THREE (3) stakeholders that might be impacted by the exclusion of information on intangible assets...

Identify THREE (3) stakeholders that might be impacted by the exclusion of information on intangible assets from the financial statements of corporations. For each stakeholder you identify, specify why you believe they are impacted.

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Answer #1

Impact of the Exclusion of Intangible Assets in the Financial Statements:

Asset: An Asset is a resource which Will be under the control of the entity as a result of the past

events through which the entity will receive the economic benefits in the future.

Assets are of two types: Tangible and Intangible.

Intangible Assets: Intangible Assets are the Assets which does not have a physical existence but

are expected to generate the cash flows to the entity. These assets can be normally classified

into two types.

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