Which of the Following Characteristics Is Not Common to Both

question 44

Multiple Choice

Which of the following characteristics is not common to both tangible and intangible assets?

• A)held for use and not for investment
• B)expected life of more than one year
• C)derive value from the ability to generate revenue
• D)may have value only to a particular company

---

Definitions:

Public Confidence

Public confidence is the level of trust and belief that the general public has in the competence, integrity, and reliability of an institution, organization, or system.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and regulators.

Bank Account

A financial account maintained by a banking institution in which the account holder can deposit or withdraw money.

Cash

Money in the form of bills or coins; physical currency.