Rogers Communication has over a dozen products in various stages of development at any given time. For these products, nearly half will have patents before the testing stage. These patents are considered:
A)Intangible debts
B)Tangible debts
C)Intangible assets
D)Tangible assets

Question

Quizplus · Accepted Answer

These patents are considered intangible assets.
Key Takeaway: Companies' assets are divided into tangible and intangible assets. Tangible assets include such items as inventory, buildings, supplies, and machinery. Intangible assets include intellectual property and patents.

Rogers Communication Has Over a Dozen Products in Various Stages