a. is converted into a tangible asset during the operating cycle.
An intangible asset
a. is converted into a tangible asset during the operating cycle.
b. cannot be classified on the balance sheet because it lacks physical substance.
c. does not have physical substance, yet often is very valuable.
d. is worthless because it has no physical substance.
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You know the right answer?
An intangible asset
a. is converted into a tangible asset during the operating cycle.
a. is converted into a tangible asset during the operating cycle.
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