Assets that provide economic value to a business but do not have a physical presence are known as:Group of answer choicestransient assetsminor assets.low-profit assetsintangible assets PreviousNext

Long term assets without any physical existence but, possessing a value are calledA) Intangible assetsB) Fixed assetsC) Current assetsD) Investments

Asset is a resource controlled by an entity.Group of answer choicesTrueFalse

Every organization has assets that can be assigned a value. _____ assets include trade secrets, databases, and company records.ComputerIntangibleTangibleMaterial

An asset, other than financial assets, that has no physical substance is called a(n) asset. (Enter only one word.)

Examples of intangible assets include Blank______.Multiple choice question.patents and goodwillbuildings and equipmentaccounts receivable and inventoryrevenues and expenses