An Intangible Asset

question 8

Multiple Choice

An intangible asset

• A)derives its value from the rights and privileges it provides the company.
• B)is worthless because it has no physical substance.
• C)is converted into a tangible asset during the year.
• D)cannot be classified on the statement of financial position because it lacks physical substance.

---

Definitions:

Negative Indent

A formatting style in word processing that moves the first line of a paragraph to the left of the remaining text.

Go To Command

A command in many software applications that allows users to jump to a specific location or element, such as a page number in a document.

Autosaved Version

A copy of a document saved automatically by the application at regular intervals to prevent data loss.

Info Screen

A display or section within software or an application that provides detailed information about the system or program's current state or selected items.