Consider the investments in the following assets: 1. Brand recognition 2. Inventory 3. Intellectual property 4. Mailing list of clients. How many of the above are considered intangible investments?

1. Brand recognition – This is a non-physical asset linked to goodwill/brand value, so it is an intangible investment. Verdict: Correct.
2. Inventory – Inventory means stock of goods/raw materials; it is a tangible current asset, not intangible. Verdict: Incorrect.
3. Intellectual property – Patents, copyrights, trademarks etc. are classic intangible assets. Verdict: Correct.
4. Mailing list of clients – A customer list/database is a non-physical business asset and is treated as an intangible asset. Verdict: Correct.

So, 3 items (1, 3 and 4) are intangible investments. Hence, (c) Only three.