Many valuable intangible assets such as trademarks and copyrights are not reported on a company's balance sheet.

Question

Quizplus · Accepted Answer

Intangible assets such as trademarks and copyrights are not always reported on a company's balance sheet. Instead, they may be disclosed in the footnotes or in other financial statements. The treatment of these assets depends on the accounting standards followed by the company and the nature of the asset.

Many Valuable Intangible Assets Such as Trademarks and Copyrights Are