Intangible Assets May Be Further Classified As

question 47

Multiple Choice

Intangible assets may be further classified as:

• A) identifiable and unidentifiable.
• B) cash and credit.
• C) living and non-living.
• D) physical and non-physical.

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Definitions:

Accounts Payable

Obligations a company has to pay back to lenders for products and services bought on credit.

Salary Expense

The total amount paid to employees for services rendered during a specific period before any deductions are made.

Fees Earned

Revenue generated from services provided.

Common Stock

A kind of stock that signifies having a stake in a company, accompanying the power to vote and the possibility of receiving dividends.