In the balance sheet,intangible assets include items such as:
A)goodwill.
B)copyrights and patents.
C)Both A and B
D)accounts receivable.

Question

Quizplus · Accepted Answer

Intangible assets refer to non-physical assets that cannot be touched, such as goodwill (representing the value of a company's brand and reputation) and copyrights and patents (representing exclusive rights to use and profit from intellectual property). Accounts receivable, on the other hand, are considered a current asset on the balance sheet, representing amounts owed to a company by its customers or clients for goods or services already provided.

In the Balance Sheet,intangible Assets Include Items Such As