Question : Goodwill is
Option 1: Tangible Fixed Assets
Option 2: Other Current Liabilities
Option 3: Intangible Assets
Option 4: Short-term Borrowings
Answer (1)
22nd Jan, 2024
Correct Answer: Intangible Assets
Solution : Answer = Intangible Assets
Goodwill is categorized as an intangible asset on a company's balance sheet. It represents the value of a business's reputation, brand, customer relationships, and other non-physical assets. Unlike tangible fixed assets or current liabilities, goodwill reflects the intangible value of a company's reputation and relationships.
Hence, the correct option is 3.
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