Which of the Following Would Not Be Considered to Be

question 151

Multiple Choice

Which of the following would not be considered to be an intangible asset?

• A)Franchises
• B)Copyrights
• C)Investments
• D)Goodwill

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Definitions:

Money Units

A standard unit of measure for accounting transactions, typically representing the currency in which a financial transaction is recorded.

Transactions

Financial activities or events that affect the financial position of a business, such as sales and purchases.

Accounting Equation

The foundational principle in accounting that equates assets with the sum of liabilities and owner's equity: Assets = Liabilities + Equity.

Equity

Equity represents the ownership value held in assets after all liabilities have been subtracted, often referred to as net worth.