An asset that is NOT physical in nature is called
A. Intangible asset
B. Liquid asset
C. Current asset
D. Fixed asset
Answer: Option A
Solution(By Examveda Team)
An asset that is NOT physical in nature is called Intangible asset. An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets.This Question Belongs to Commerce >> Accounting
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The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
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C. Intangible assets
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