Question : Goodwill and copyright are examples of which assets?
Option 1: Liquid asset
Option 2: Current asset
Option 3: Fixed asset
Option 4: Intangible asset
Correct Answer: Intangible asset
Solution : Intangible assets are those that are not physical in nature. Goodwill, brand awareness, and intellectual property such as patents, trademarks, and copyrights are examples of intangible assets. Hence option 4 is the correct answer.
Question : Which of the following is the correct formula for "Current Ratio"?
Question : Goodwill and patents fall under the category of ________.
Question : These assets provide little or low return. Which type of asset is highlighted in the given statement?
Question : Goodwill is
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