Which of the following is considered a tangible asset?

A) a plot of land
B) a software patent
C) the copyright on a book
D) a trademark on a food product
E) the goodwill a neighborhood business has gained

Answer: A
Explanation: A) Tangible assets are defined as land, buildings, and equipment. Intangible assets are patents, copyrights, and trademarks.

Business

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Indicate whether the statement is true or false

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An increase in the balance of Prepaid Insurance:

a. positive effect on cash b. negative effect on cash

Business