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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 assetsimage text in transcribed

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