Long-lived assets without physical substance are
A) listed directly under current assets on the statement of financial position.
B) not listed on the statement of financial position because they do not have physical substance.
C) intangible assets.
D) listed as a long-term investment on the statement of financial position.

Question

Quizplus · Accepted Answer

Intangible assets are long-lived assets without physical substance, such as patents, trademarks, and goodwill, and are listed as a separate category on the statement of financial position.

Long-Lived Assets Without Physical Substance Are