Assets that have value to a business but are not visible are known as ______.
A) intangible assets
B) tangible assets
C) long-term assets
D) current assets

Question

Quizplus · Accepted Answer

Intangible assets are assets that have value to a business but are not physical in nature, such as patents, trademarks, and goodwill. Tangible assets, on the other hand, are physical items like machinery or buildings. Long-term assets can be either tangible or intangible and are used over a long period. Current assets are assets that are expected to be converted into cash within a year and can be either tangible or intangible.

Assets That Have Value to a Business but Are Not