On a classified balance sheet, intangible assets are
A)listed directly under current assets on the balance sheet.
B)not listed on the balance sheet because they do not have physical substance.
C)listed after property, plant, and equipment.
D)listed as a long-term investment on the balance sheet.

Question

Quizplus · Accepted Answer

Intangible assets are listed after property, plant, and equipment on a classified balance sheet because they are long-term assets that lack physical substance but provide future economic benefits.

On a Classified Balance Sheet, Intangible Assets Are