- CFA Exams
- CFA Exam: Level I 2021
- Study Session 8. Financial Reporting and Analysis (3)
- Reading 26. Long-lived Assets
- Subject 2. Intangible Assets
CFA Practice Question
In what section of the balance sheet would one find patents and trademarks?
B. Intangible assets
C. Long-term investments
A. Property, plant, and equipment
B. Intangible assets
C. Long-term investments
Correct Answer: B
Patents, trademarks, copyrights, goodwill, brand names, and franchises are all included in the intangible assets section of the balance sheet.
User Contributed Comments 1
| User | Comment |
|---|---|
| johntan1979 | Under the "Non-current assets" section, usually after PP&E. |