Consider the investments in the following assets:1.Brand recognition2.Inventory3.Intellectual property4.Mailing list of clientsHow many of the above are considered intangible investments?

1. A

   Only one

   Only one. Three of the four are intangibles.

2. B

   Only two

   Only two. Brand, IP and client lists are all intangible.

3. C

   Only three

   Only three. Brand, intellectual property and mailing lists. Inventory is a tangible current asset.

4. D

   All four

   All four. Stock in the warehouse is physical.

Summary. Official key is (c) only three. Brand recognition, IP and a client mailing list are intangible. Inventory is goods on hand — tangible.