Which of the following would appear in the intangible assets section of a classified statement of financial position?
A) Trade receivables.
B) Patents.
C) Cash.
D) Accumulated depreciation.

Question

Quizplus · Accepted Answer

Patents are intangible assets that can be recognized on the statement of financial position. Trade receivables, cash, and accumulated depreciation are all tangible assets or liabilities that would appear in other sections of the statement.

Which of the Following Would Appear in the Intangible Assets