Question

Select the most appropriate alternative from those given below and rewrite the statement.

A_________________ is an intangible asset.
a) goodwill
b) stock
c) building
d) cash

Answer 1

A goodwill is an intangible asset.

Explanation: Goodwill is an intangible asset as it has no physical existence. It cannot be seen or felt. On the other hand, stock and cash are current assets of the business, whereas, building is a fixed asset.