Explain the Meaning of the Terms "Tangible" and "Intangible" and Discuss

question 79

Essay

Explain the meaning of the terms "tangible" and "intangible" and discuss how these terms are used in describing assets.

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Definitions:

Stockholders' Equity

The ownership interest of shareholders in the assets of a corporation, calculated as total assets minus total liabilities.

Return

The gain or loss on an investment over a specified period, usually expressed as a percentage.

Sales

The revenue a company earns from selling goods or services over a period.

Unusual Item

A gain or loss in financial statements that is infrequent or uncommon in occurrence.