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Classification of Assets and Liabilities

Tick the corr...

Question

Tick the correct answer.
______ is an intangible asset.

A

Goodwill

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B

Stock

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C

Building

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D

Cash

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Solution

The correct option is A Goodwill
Goodwill is an intangible Asset. An Intangible asset is an asset that cannot be seen or felt. It is hard to evaluate and it has no physical substance.

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