Answered step by step
Verified Expert Solution
Question
1 Approved Answer
7. The term intangible assets is used in accounting to denote * (1 Point) properties without physical characteristics that have long-term effects on a business
7. The term "intangible assets" is used in accounting to denote * (1 Point) properties without physical characteristics that have long-term effects on a business enterprise. such items as patents, copyrights, and claims against customers which can be valued on a monetary basis. current or noncurrent property items without physical characteristics. assets with lesser economic significance because of the nature of such assets
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started