Question

Intangible assets are reported on the balance sheet

a.before the fixed assets.
b.before the current assets.
c.after the current assets.
d.after the fixed assets.

Answer 1

d.after the fixed assets.

Step-by-step explanation:

The reporting of the assets in the balance sheet is shown below:

a. Current assets

b. Fixed assets

c. Intangible assets

We summarize the assets and liabilities in the classified balance sheet into various types Like assets are divided into fixed assets, current assets, and intangible assets.

Total assets involve current assets, fixed assets, and intangible assets Current assets comprise cash, stock, receivable account, etc. Fixed assets include plant & machinery, property, facilities, furniture & equipment, etc.

And, the intangible assets are trademarks, copyrights, goodwill and so on.