Ask Experts Questions for FREE Help !
Ask

Is patents ( Intangible assets) added in total assets on balance sheet

Asked Sep 23, 2007, 08:48 AM — 2 Answers
Is the patents (Intangible assest)amount added to the current assets amount on a balance sheet.
help
Thanks

2 Answers
CaptainForest's Avatar
CaptainForest Posts: 3,684, Reputation: 2085
Ultra Member
 
#2

Sep 23, 2007, 01:50 PM
No.

They are assets, but they should be included under the intangible assets section.
Helpful
Hermansherman's Avatar
Hermansherman Posts: 37, Reputation: 15
Junior Member
 
#3

Sep 24, 2007, 07:54 AM
Quote:
Originally Posted by tvlaptop
Is the patents (Intangible assest)amount added to the current assets amount on a balance sheet.
help
Thanks

Definitely not a current asset
Helpful

Not your question? Ask your question View similar questions

 
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Add your answer here.

Remove Text Formatting

Undo
Redo
 
Decrease Size
Increase Size
Bold
Italic
Underline
Align Left
Align Center
Align Right
Ordered List
Unordered List
Decrease Indent
Increase Indent
Insert Email Link
Wrap [QUOTE] tags around selected text
Wrap [CODE] tags around selected text
Wrap [HTML] tags around selected text
Wrap [PHP] tags around selected text
Wrap [YOUTUBE] tags around selected text
Notification Type:



Check out some similar questions!

Total current assets [ 5 Answers ]

How do you compute 1. Current assets. 2. Long-term assets. 3. Current liabilities. 4. Long-term liabilities. 5. Stockholders' equity. In my balance shee I have four entries. Land, Cash, Building, Accounts payable, Notes Payable (short terms) and equipment, capital stock, retained...

Are patents current assets [ 7 Answers ]

Are patents current assets?

How do I compute total current assets [ 3 Answers ]

Having the following information, how do I compute total current assets. Land $ 9,000 Machinery 1,100 Accounts payable 1,750 Cash 400


View more Accounting questions Search