Intangibles Are Considered Long-Lived Assets Even Though They Do Not

question 2

True/False

Intangibles are considered long-lived assets even though they do not have a physical form.

---

Definitions:

Paid Dividend

The cash or stock distributed to shareholders from a company's earnings.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with guaranteed dividends, but without voting rights.

Par

A term that refers to a financial instrument trading at its face or nominal value.

Rate

The percentage at which a particular event occurs, often used in the context of interest or growth rates.