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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

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.

Which one of the above is correct?

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