Question

Which of the following would NOT be considered an intangible asset?

• A. Interest payable
• B. A patent
• C. A trademark
• D. All of these are intangible assets

Answer 1

The correct option is A

Interest payable

Answer (A): Interest payable

Explanation: Interest Payable is a liability in accounting terms, it is displayed on an organization’s asset report or balance sheet. The fiscal summaries are critical to both monetary demonstrating and bookkeeping. To put it plainly, it addresses the measure of interest presently owed to banks.

Also see: Intangible Assets