Which of the following statements regarding intangible assets is incorrect?
Question 12Select one:

A.
Intangible assets are not reported on the balance sheet.

B.
Intangible assets include the exclusive right to produce or sell an invention.

C.
Intangible assets have no physical form.

D.
Intangible assets are valuable because of the special rights they carry

Question

13-08-2024
Business

Answered

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Which of the following statements regarding intangible assets is incorrect?
Question 12Select one:

A.
Intangible assets are not reported on the balance sheet.

B.
Intangible assets include the exclusive right to produce or sell an invention.

C.
Intangible assets have no physical form.

D.
Intangible assets are valuable because of the special rights they carry

Sagot :

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KitdaAneekidn KitdaAneekidn · Answer 1 · 2024-08-13T11:40:13-04:00

KitdaAneekidn KitdaAneekidn

13-08-2024

Answer:

A. Intangible assets are not reported on the balance sheet.

Explanation:

Intangible assets are captured on the balance sheet. Those are intangible goods whose value lies in a special privilege they possess. Some examples of intangible assets patents, trademarks, etc.

Therefore, the correct answer is A.

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