Every asset should have
...Every asset should have
A non-monetary value
Tangible and intangible qualities
Monetary cost and future benefit
An inadequate monetary value
Correct answer is B
Tangible assets are physical in nature that can be either long-term or short-term asset. Intangible assets are long-term assets that are not physical, but rather, intellectual property. Both tangible and intangible assets are recorded on the balance sheet.
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Balance sheet (Extract) Creditors #7,940 Prepaid expenses #290 Accrual expenses #323 Stock #4,...