- CFA Exams
- CFA Exam: Level I 2021
- Study Session 7. Financial Reporting and Analysis (2)
- Reading 22. Understanding Balance Sheets
- Subject 2. Measurement Bases of Assets and Liabilities
CFA Practice Question
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
Correct Answer: B
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 |