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Which of the following statements regarding intangible assets is incorrect?
Question 12Select one:

A.
Intangible assets are not reported on the balance sheet.

B.
Intangible assets include the exclusive right to produce or sell an invention.

C.
Intangible assets have no physical form.

D.
Intangible assets are valuable because of the special rights they carry



Answer :

KitdaAneek

Answer:

A. Intangible assets are not reported on the balance sheet.

Explanation:

Intangible assets are captured on the balance sheet. Those are intangible goods whose value lies in a special privilege they possess. Some examples of intangible assets patents, trademarks, etc.

Therefore, the correct answer is A.

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