1. Which of the following is not an intangible asset? Select one: a. Copyright b. Long-term...
1. Which of the following is not an intangible asset?
Select one:
a. Copyright
b. Long-term receivable
c. Trademark
d. Goodwill
2. Accounts receivable would appear on the balance sheet as a(n):
Select one:
a. liability.
b. fixed asset.
c. unearned revenue.
d. asset.
Homework Answers
Question 1
Correct answer-----(b) Long term Receivables
Copyright, trademark and goodwill are intangible assets but long term receivables is a tangible asset.
Question 2
Correct answer-----(d) Asset
Accounts receivables is a current asset which is shown on asset side of balance sheet. Accounts receivables is the money that a company will receive in future due to sales on account.
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