Question : Assertion (A): Goodwill belongs to the category of intangible assets such as patents, trademarks, copy rights, etc.
Reason (R): Goodwill cannot be seen or touched.
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Option 2: Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)
Option 3: Assertion (A) is true but Reason (R) is false
Option 4: Assertion (A) is false but Reason (R) is true
Correct Answer: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Solution : Goodwill belongs to the category of intangible assets such as patents, trademarks, copy rights, etc, and Goodwill cannot be seen or touched. Hence, the correct option is 1.
Related Questions
Trending Articles/News
