Intangible Assets Are Classified on the Balance Sheet As

question 127

Multiple Choice

Intangible assets are classified on the balance sheet as:

• A)long-term assets.
• B)property, plant and equipment.
• C)current assets.
• D)a component of owner's equity.

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Definitions:

State of Mind

The particular mental or emotional condition that someone is in at a specific time.

Maximize Profit

A strategy focusing on increasing the difference between the revenue generated and the costs incurred by a business.

Across Cultures Competency

The proficiency in understanding, interacting, and effectively communicating with people of different cultural origins.

Feng Shui

An ancient Chinese practice involving the arrangement of physical spaces to achieve harmony and balance with the environment.