Goodwill is classified as which one of the following assets?

Goodwill is classified as which one of the following assets? Correct Answer Intangible

Goodwill is classified as Intangible assets. The goodwill amounts to the excess of the "purchase consideration" (the money paid to purchase the asset or business) over the total value of the assets and liabilities. It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched.
Bissoy MCQ

Related Questions

Situation in which company replaces existing assets with new assets is classified as
Mahesh ran a business on borrowed capital. After his sudden demise, all the creditors are doing their best to go after Mahesh’s assets. Which of the below assets is beyond the reach of the creditors?
With regards to valuation of assets by insurance companies, _________ is the value at which the life insurer has purchased or acquired its assets.
Items of property, plant and equipment can be recognized as assets when their cost can be measured reliably and it is likely that the future economic benefits associated with the assets:
A company reports sales revenue of Tk. 200 million the current year and Tk. 180 million last year. Their total assets in the current year are Tk. 150 million and last year's total assets were Tk. 130 million . What is the current year's asset turnover ratio ?
What is the process of evaluating IT assets, their importance to the organization, and their susceptibility to threats, to measure the risk exposure of these assets?
An equation in which total assets are multiplied to profit margin is classified as
A theory which states that assets are traded at price equal to its intrinsic value is classified as
Type of financial security in which firms do not borrow money rather lease their assets is classified as
Risk of financial institutions which states mismatching assets maturities and liabilities maturities is classified as