Multiple choice

Goodwill as an Example of

  1. Tangible Asset

  2. Intangible asset

  3. Nominal A./c

  4. Tangible Liability
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Goodwill represents the reputation, brand value, customer loyalty, and other non-physical assets of a business. It cannot be touched or physically measured, making it an intangible asset, not a tangible asset or liability.

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