Intangible assets are:
A)goodwill, patents, copyrights, and trademarks.
B)property, plant, and equipment.
C)all assets except current assets.
D)those assets that an owner can purchase with cash only.

Question

Quizplus · Accepted Answer

Intangible assets are assets that lack physical substance, such as goodwill, patents, copyrights, and trademarks. Option B refers to tangible assets, option C is too broad and inaccurate, and option D is incorrect as intangible assets may also be purchased using non-cash methods.

Intangible Assets Are