Question : Goodwill and patents fall under the category of ________.
Option 1: Current assets
Option 2: Liquid assets
Option 3: Intangible assets
Option 4: Tangible assets
Answer (1)
23rd Jan, 2024
Correct Answer: Intangible assets
Solution : Answer = Intangible assets
Goodwill and patents fall under the category of
intangible assets
. Intangible assets lack physical substance but have value to a company, such as brand reputation (goodwill) and intellectual property rights (patents), contributing to the company's long-term value and competitive advantage.
Hence, the correct option is 3.
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