Trademarks would appear in which section of the statement of financial position?
A)Shareholders' equity
B)Investments
C)Intangible assets
D)Current assets

Question

Quizplus · Accepted Answer

Trademarks are considered intangible assets because they represent a form of non-physical asset that a company owns, which can include brand names, copyrights, patents, and trademarks themselves. These are recognized on the balance sheet under the intangible assets section.

Trademarks Would Appear in Which Section of the Statement of Financial