Question 6 An intangible asset does not have physical substance, yet often is very valuable. is worthless because it has no physical substance. is converted into a tangible asset during the operating cycle cannot be classified on the statement of financial position because it lacks physical substance, Moving to another question will save this response Moving to another question will save this response. Question 12 If accounting information has relevance, it is useful in making predictions about future tax audits new accounting principles foreign currency exchange rates. the future events of a company Moving to another question will save this response MacBook Pro