D. At the end of the accounting period
The correct answer among the listed choices is letter b. Intangible Assets normally falls under the category of non-current assets since these assets not included in the current assets. Therefore, intangible assets will form part of non-current assets since these are long-term assets and not readily are convertible to cash.ASSETS
In accounting, assets are any resources with value owned by the business, company, entity or person. These are legally owned by the business or entity. Assets have two categories, these are:Current AssetsNon-current Assets1. Current Assets
-these are assets that can be readily convertible to cash in a normal operating cycle of a business. Normal operating cycle is within 1 year.Some Examples of Current AssetsCash and cash equivalentsAccounts ExpensesMarketable Securities/ Short-term Investments2. Non-current Assets
-these are long-term assets or long-term investments that have a longer useful life that is usually more than 1 year. Not easily convertible to cash.Some Examples of Non-Current AssetsLandProperty, Plant and EquipmentTrademarksLong-term InvestmentsGoodwillOther Assets
All fixed assets and intangible assets fall under the category of non-current assets.
Further related topics about assets and liabilities
What is the opposite of assets
For related topics about fundamental accounting equation
The political ideology of the power-holders always conditions the economic system. The economic system has to work in the environment generated by political relations. Economics has to closely follow political relations, goals and policies which are studied by Political Science.
Ano ang maaring mangyari sa produksyon at pangangalakal kung walangkapital? Marahil, ang mga pangunahing pangangailangan lamang ang magagawadahilwalang mamumuhunan sa produksyon ng kagamitan, mga pampaginhawa sa buhay atbagong teknolohiya