Assets that have value to a business but are not visible are known as ______.

A) intangible assets
B) tangible assets
C) long-term assets
D) current assets

Intangible Assets

Assets that lack physical substance but provide economic value, such as intellectual property, brand recognition, and licenses.

Tangible Assets

Physical assets that can be seen and touched, such as buildings, machinery, and inventory.

Long-term Assets

Assets owned by a company meant to provide value for more than one year, such as real estate, machinery, or patents.