An intangible assetA) does not have physical substance yet often is very valuable.B) is worthless because it has no physical substance.C) is converted into a tangible asset during the operating cycle.D) cannot be classified on the balance sheet because it lacks physical substance.

Question

An intangible assetA)  does not have physical substance yet often is very valuable.B)  is worthless because it has no physical substance.C)  is converted into a tangible asset during the operating cycle.D)  cannot be classified on the balance sheet because it lacks physical substance.

Kübra Akku? · Accepted Answer

Final Answer : A, Explanation :  An intangible asset is something that is valuable to a company but does not have physical substance, such as patents, trademarks, and goodwill. They can be very valuable to a company and are often included on the balance sheet as an asset.

An intangible asset

A) does not have physical substance yet often is very valuable.
B) is worthless because it has no physical substance.
C) is converted into a tangible asset during the operating cycle.
D) cannot be classified on the balance sheet because it lacks physical substance.

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