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Which of the following is classified as an intangible asset? A. Patent B. Accounts Receivable C. Inventory D. Equipment

Which of the following is classified as an intangible asset? A. Patent B. Accounts Receivable C. Inventory D. Equipment

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 1Q: What is the difference between tangible and intangible assets?
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Which of the following is classified as an intangible asset? A. Patent B. Accounts Receivable C. Inventory D. Equipment
Transcribed Image Text:Which of the following is classified as an intangible asset? A. Patent B. Accounts Receivable C. Inventory D. Equipment
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