Which of the Following Terms Is Applied to Long-Term Assets

question 39

Multiple Choice

Which of the following terms is applied to long-term assets that have no physical substance and provide rights, privileges and special opportunities to businesses?

• A) Current Assets
• B) Intangible Assets
• C) Natural Resources
• D) Property, Plant and Equipment

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Definitions:

Rupees

The official currency of India, symbolized as INR, and used in financial transactions within the country.

Import

The act of bringing goods or services from a foreign country for sale or use.

Rugs

Rugs refer to floor coverings made from various materials, used for aesthetic or functional purposes.