Multiple choice

Goodwill is

  1. a current asset

  2. a tangible asset

  3. an intangible asset

  4. fictitious asset
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Goodwill represents the reputation, customer base, and other intangible factors that give a business value beyond its tangible assets. It cannot be touched or physically measured, making it an intangible asset (not fictitious, which has no real value). Option C is correct.

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