An Intangible Asset

question 125

Multiple Choice

An intangible asset

• A)derives its value from the rights and privileges it provides the owner.
• B)is worthless because it has no physical substance.
• C)is converted into a tangible asset during the operating cycle.
• D)cannot be classified on the balance sheet because it lacks physical substance.

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Definitions:

Deadline

A specific time or date by which a task must be completed or a submission must be made, often used to ensure timely completion of projects.

Internships

Temporary positions within organizations that allow individuals, typically students, to gain practical experience and skills in their field of study.

Job Search

The process of looking for employment, involving activities such as writing resumes, applying for positions, and attending interviews.

Nanotechnology

The science, engineering, and technology conducted at the nanoscale, about 1 to 100 nanometers, focusing on controlling and manipulating atoms and molecules.