An organization can possess which of the following types of assets?
A)Tangible
B)Intangible
C)Financial
D)Economic
E)Virtual

Question

Quizplus · Accepted Answer

Tangible assets are physical assets that can be seen and touched, such as buildings, equipment, and inventory. Intangible assets are non-physical assets that have value, such as patents, trademarks, and goodwill. Financial assets are assets that represent a claim to future cash flows, such as stocks, bonds, and loans.

An Organization Can Possess Which of the Following Types of Assets