Which of the Following Does Not Describe Intangible Assets

question 47

Multiple Choice

Which of the following does not describe intangible assets?

• A) They lack physical existence.
• B) They are monetary assets.
• C) They provide long-term benefits.
• D) They are classified as long-term assets.

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Definitions:

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a company, including issuing shares, borrowing money, and repaying debt.

Statement Of Cash Flows

A financial report summarizing the total cash inflows and outflows experienced by a corporation.

Operating Activities

Business actions directly related to producing and delivering goods and services, which are reflected in the company's cash flow.

Investing Activities

Financial actions that involve the purchase and sale of long-term assets and other investments not considered to be cash equivalents.