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How are tangible and intangible assets normally presented on the balance sheet?
a.They are listed separately as property, plant, and equipment and intangible assets.
b.Both are presented as property, plant, and equipment.
c.Neither are presented on the balance sheet.
d.They are listed separately as tangible assets and intangible assets.

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Answer:

Explanation:

Tangible assets include all physical assets that are owned and used by the company. They include long term assets (e.g. property, plant, and equipment) and short term assets (e.g. merchandise inventory).

Intangible assets are not physical in nature and they are generally long term assets such as intellectual property (e.g. copyright, trademarks, patents) or brand recognition.