Multiple choice general knowledge

What are Tangible Assets?

  1. Assets involved in the resale of goods and services

  2. Assets involved in the resale of goods and services rather than being held for production

  3. Assets involved in the production of goods and services rather than being held for resale

  4. Assets involved in the resale of goods rather than being held for production
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Tangible assets are physical assets used in the production of goods and services rather than being held for resale. Examples include machinery, buildings, and equipment. Inventory held for sale is NOT considered a tangible asset in this context - it's current assets or inventory.

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