BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Current assets
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Fixed assets
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Intangible assets
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Investments
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Detailed explanation-1: -Intangible assets can be purchased or licensed, acquired through non-exchange transactions, or internally-generated. Copyrights, patents and trademarks are included as examples of intangible assets in the Statement.
Detailed explanation-2: -An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets.
Detailed explanation-3: -A registered trade mark is a type of intellectual property that protects the features of a brand. Unlike a tangible fixed asset such as your business’ machinery, registered trade marks are intangible fixed assets.
Detailed explanation-4: -Types of Intangible Assets Patents, copyrights and licenses. Customer lists and relationships. Non-compete agreements. Favorable financing.
Detailed explanation-5: -Intellectual property is owned and legally protected by a person or company from outside use or implementation without consent. Intellectual property can consist of many types of assets, including trademarks, patents, and copyrights.