internally developing the intangible asset 不是属于expense吗，CFO应该大于吧

问题如下：

Question Ignoring income taxes, acquiring an intangible asset would most likely result in:

选项：

A.a lower net operating cash flow than internally developing the intangible asset. B.the same net operating cash flow than internally developing the intangible asset. C.a higher net operating cash flow than internally developing the intangible asset.

解释：

Solution

1. Incorrect because acquiring an intangible asset is an investing activity whereas internally developing an intangible asset can be a combination of operating and investing activity. Costs of acquiring intangible assets are classified as investing cash outflows. IFRS require that expenditures on research (or during the research phase of an internal project) be expensed rather than capitalised as an intangible asset. IFRS allow companies to recognise an intangible asset arising from development (or the development phase of an internal project) if certain criteria are met, including a demonstration of the technical feasibility of completing the intangible asset and the intent to use or sell the asset. Consequently, acquiring an intangible asset would result in lower operating cash outflows than internally developing the intangible asset (as the latter would result in increased operating cash outflows during the research phase).

2. Incorrect because acquiring an intangible asset is an investing activity whereas internally developing an intangible asset can be a combination of operating and investing activites. On the statement of cash flows, costs of internally developing intangible assets are classified as operating cash outflows whereas costs of acquiring intangible assets are classified as investing cash outflows.

3. Correct because acquiring an intangible asset is an investing activity whereas internally developing an intangible asset can be a combination of operating and investing activities. On the statement of cash flows, costs of internally developing intangible assets are classified as operating cash outflows whereas costs of acquiring intangible assets are classified as investing cash outflows. Costs of acquiring intangible assets are classified as investing cash outflows. IFRS require that expenditures on research (or during the research phase of an internal project) be expensed rather than capitalised as an intangible asset. IFRS allow companies to recognise an intangible asset arising from development (or the development phase of an internal project) if certain criteria are met, including a demonstration of the technical feasibility of completing the intangible asset and the intent to use or sell the asset.

Analysis of Long-Term Assets

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