Practice Quiz

Praxis II: Economics Content Knowledge Exam Prep

Category - Economics

Start a Study Session Sign up for Question of the Day
Rogers Communication has over a dozen products in various stages of development at any given time. For these products, nearly half will have patents before the testing stage. These patents are considered:
  1. Intangible debts
  2. Tangible debts
  3. Intangible assets
  4. Tangible assets
Explanation
Answer - C - These patents are considered intangible assets.

Key Takeaway: Companies’ assets are divided into tangible and intangible assets. Tangible assets include such items as inventory, buildings, supplies, and machinery. Intangible assets include intellectual property and patents.
Previous Next
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz