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 (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

Was this answer helpful?

 
   

0 (0)

(0)
(0)

Choose An Option That Best Describes Your Problem

Thank you. Your Feedback will Help us Serve you better.

Leave a Comment

Your Mobile number and Email id will not be published. Required fields are marked *

*

*

BOOK

Free Class

Ask
Question