Intangible Assets Are ________

question 36

Multiple Choice

Intangible assets are ________.

• A) assets with a physical presence
• B) assets that can be seen and touched
• C) rights to expected future benefits
• D) assets with definite lives only

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Definitions:

Income

Recurrent earnings sourced from occupational activities or investments.

Entertainment Tax

A tax imposed on services related to entertainment such as movies, events, and amusement parks, often collected to contribute to the public treasury.

Streaming Movies

The process of watching movies over the internet in real-time, without the need to download them, through services like Netflix, Hulu, or Amazon Prime.

Movie Tickets

Physical or digital passes that allow an individual access to watch a movie at a cinema or theatre.