Examples of intangible assets include Blank______.Multiple choice question.patents and goodwillbuildings and equipmentaccounts receivable and inventoryrevenues and expenses
Question
Examples of intangible assets include Blank______.Multiple choice question.patents and goodwillbuildings and equipmentaccounts receivable and inventoryrevenues and expenses
Solution
The correct answer is "patents and goodwill". These are examples of intangible assets because they are non-physical assets that can generate economic benefits for a company. Buildings and equipment are tangible assets, while accounts receivable and inventory can be both tangible and intangible depending on their nature. Revenues and expenses are not assets, but elements of a company's income statement.
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