Which of the Following Is Not an Intangible Asset

question 61

Multiple Choice

Which of the following is not an intangible asset?

• A) Goodwill
• B) Trademark
• C) Copyright
• D) Long-term receivable

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Definitions:

Sales Returns

Transactions in which customers return previously purchased merchandise for a refund, store credit, or exchange.

Merchandise Inventory

Goods that a company owns and intends to sell as part of its regular business operations, usually in the retail sector.

Income Statement

A financial statement that shows a company’s revenues and expenses over a specific period, highlighting net profit or loss.

Merchandiser

A business entity engaged in selling goods directly to consumers or other businesses.