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Basic Question 7 of 9
Which item among the following is not an intangible asset?
B. An account receivable
C. Goodwill
A. A trademark/patent
B. An account receivable
C. Goodwill
User Contributed Comments 2
| User | Comment |
|---|---|
| holtz | WHAT? |
| Inaganti6 | Intangible Assets provide benefits over long term, A/R turns to cash within 1 year or operating cycle.... whereas goodwill and patents have longer benefit horizons |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
explain the financial reporting and disclosures related to intangible assets
CFA® 2024 Level I Curriculum, Volume 2, Module 3.