Question

When an individual invents a new product and patents it, a writer copyrights and publishes a book, or a company develops a symbol that represents it and has it registered as their own, they have created assets. What type of assets have they created?

a. Intangible assets
b. Fixed assets
c. Liquidity
d. Current assets

Answer 1

Answer:

A. intangible assets

Explanation:

An intangible asset is one which is not physical in nature; i.e it can not be seen with the eyes.

These kinds of assets include recognition, goodwill, etc. Intangible assets also include intellectual properties such as patents, copyright, etc.

The opposite of intangible asset is tangible asset.

In the above question, copyright and patents are an example of intangible assets as they cannot be seen with the eyes.

Cheers.