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ElenaW [278]
3 years ago
8

Which of the following choices is an example of an intangible item??

Business
1 answer:
Sedbober [7]3 years ago
7 0

<u>Answer:</u>

<em><u>an online editing service</u></em>

<em><u /></em>

<u>Explanation:</u>

An example of an intangible item is <em><u>an online editing service.</u></em> An intangible item is something that does not have an actual physical presence. Take a look at the following lists to get a better understand of an intangible vs. tangible item.

<em>intangible items:</em>

<em>- insurance </em>

<em>- software</em>

<em>- data</em>

<em />

<em>tangible items:</em>

<em>- food</em>

<em>- computers</em>

<em>- phones</em>

<em />

Since <em><u>an online editing service</u></em> is the only item that you cannot physical touch, this is the intangible item.

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DerKrebs [107]

Answer:

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Explanation:

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Using this formula

FV= Present value × (1 + interest rate)^number of years

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$28,000 = Present value × (1 + 0.112)^13

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PV= $28,000 ÷ 1.104^13

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5 0
2 years ago
Which of the following statements are true?
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Answer:

TRUE: A. Different companies will use different charts of accounts based on individual company need.

C. The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts.

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A. <u>Different companies will use different charts of accounts based on individual company need.</u>

A chart of accounts is the combination of all the accounts of an organization in an organized and structured model whose objective is to establish a codification so that there is a standardization of the company's financial information to assist the work of the accounting sector.

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<u> </u>The general ledger can be defined as the set of all accounts held in the organization in detail.

Through the information in the accounts, the organization is able to correctly separate each one by type and carry out the organizational financial statement.

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