Intellectual Property Is a Valuable ____

question 94

Multiple Choice

Intellectual property is a valuable ____.

• A) Intangible asset
• B) Tangible asset
• C) Goodwill asset
• D) Current asset

---

Definitions:

Cumulative Surplus

The total accumulated amount of profits, after all expenses and dividends are paid, that a company has at its disposal for reinvestment or distribution.

Minimum Cash Balance

The smallest amount of cash that a company seeks to maintain in its accounts to ensure financial stability and operational efficiency.

Accounts Receivable Balance

The total amount of money owed to a company by its customers for goods or services provided on credit, yet to be paid.

Accounts Receivable Period

The average number of days it takes for a business to collect payments owed by its customers.