Which of the Following Is an Example of Intangible Property

question 16

Multiple Choice

Which of the following is an example of intangible property?

• A) Aboriginal title
• B) mineral rights
• C) a car
• D) a patent

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Definitions:

Compound Journal Entry

A compound journal entry is an accounting entry which involves more than two accounts, recording multiple debits and/or credits in a single transaction.

Affects

Influences or changes caused by one factor on another within a business or system.

Accounts

Records within financial accounting that are used to keep track of increases or decreases in specific financial components, like assets, liabilities, equity, revenue, and expenses.

Dividends Declared

Dividends Declared are profits that a company's board of directors has decided to distribute to shareholders, but which have not yet been paid out.