Quiz 26

Intangible Assets
Only the top 10% of users score 10/10
12 MCQs with the right answers
Helps with practice
Good luck!

Q1. Intangible assets created by the business are not shown in the balance sheet.*

1 mark

False

True

Q2. _____ is an intangible asset.*

1 mark

Land

Fictitious Asset

Intellectual Property

Prepaid Expense

Q3. Logo of a company is an example of intangible asset.*

1 mark

False

True

Q4. Intangible assets are usually less _____.*

1 mark

important

liquid

valued

flexible

Q5. Intangible assets are _____ to quantify.*

1 mark

impossible

easy

difficult

all of these

Q6. Intangible assets are mostly for _____.*

1 mark

short-term

long-term

buying

reselling

Q7. Intangible means _____.*

1 mark

Something that cannot be converted to cash

Something that cannot be recorded

Something that cannot be touched or grasped

Something that cannot be valued

Q8. Brand name is an intangible asset.*

1 mark

True

False

Q9. Intangible assets have no physical existence and no value.*

1 mark

False

True

Q10. Which of the following is not an example of intangible assets?*

1 mark

Intellectual Property

Patent

Computer Hardware

Trademark

Q11. Which of the following is an example of intangible assets?*

1 mark

Furniture

Raw Material

Customer Data

Land

Q12. Intangible assets do not have _____ existence.*

1 mark

physical

all of these

virtual

actual

Quiz 26 – Intangible Assets

Quiz 26

Connect & Improve AccountingOptional

Preparing Quiz Result..

Related Material

Useful Links

legal

More