Question

The balance sheet category "Intangible Assets" includes:
a. equipment, land, and buildings.
b. patents, trademarks, and franchises.
c. investments, receivables, and cash.
d. goodwill, inventory, and vehicles.

Answer 1

Answer:

b. patents, trademarks, and franchises. 

Explanation:

Intangible assets are assets that aren't physical, they cannot be seen.

Examples of intangible assets are goodwill, patents, trademarks, and franchises.