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:

Supermarket Employee

A person working in a supermarket, performing various duties such as stocking shelves, operating cash registers, or providing customer service.

Checkout Counter

The place in a store where goods are paid for and where transactions are completed.

Cell Phone

A portable electronic device that enables users to make voice calls, send text messages, and access the internet.

Accept

Agreement to the terms of a proposal or offer, thereby creating a binding contract between the parties involved.