Match the term with its definition.
-Intangible assets, such as patents, copyrights, and goodwill
A)accounts payable (trade credit)
B)accounts receivable
C)accumulated depreciation
D)common stock
E)current assets (working capital)
F)current debt (short-term liabilities)
G)current ratio
H)fixed assets (property, plant, and equipment [PPE])
I)gross fixed assets
J)net fixed assets
K)other assets

Question

Quizplus · Accepted Answer

Intangible assets, such as patents, copyrights, and goodwill, are categorized under "other assets" on a company's balance sheet because they do not fit neatly into the physical asset categories like property, plant, and equipment (PPE).

Match the Term with Its Definition