Assets with no physical form are called ________.
A)current assets
B)intangible assets
C)long-term investments
D)mortgaged investments

Question

Quizplus · Accepted Answer

Assets with no physical form, such as patents, trademarks, and copyrights, are called intangible assets. Current assets refer to assets that can be easily converted into cash within a year, long-term investments are investments made for a period exceeding one year, and mortgaged investments are investments that are secured by a mortgage.

Assets with No Physical Form Are Called ________