Which of the following is NOT generally true of intangible assets and goodwill?
A) Many major public companies have significant amounts of intangible assets and goodwill listed on their balance sheets.
B) The major assets of today's information and service providers are likely to be tangible.
C) The major assets of today's information and service providers are likely to be intangible.
D) Since identifying and measuring intangibles and goodwill is often difficult, they are not always reported on the balance sheet.

Question

Quizplus · Accepted Answer

This statement is not true. Information and service providers often rely on intangible assets such as intellectual property, customer relationships, and brand reputation to generate value, rather than tangible assets.

Which of the Following Is NOT Generally True of Intangible