Operating Assets with No Physical Properties Are Called

question 57

Multiple Choice

Operating assets with no physical properties are called

• A)current assets.
• B)intangible assets.
• C)plant assets.
• D)property,plant,and equipment.

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Definitions:

Negotiation

The process by which two or more parties attempt to settle their differences or reach an agreement through discussion and compromise.

Accidental

An unexpected and unintentional event that causes damage or injury.

Indorser

An alternative spelling of "endorser," referring to a person who signs a document (often a negotiable instrument) to endorse it, thereby assuming responsibility under certain conditions.

Subsequent Holder

An individual or entity that lawfully receives possession or control of a negotiable instrument, such as a check or promissory note, after it has been issued.