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    Question

    Goodwill is

    a/an:
    A Tangible Asset Correct Answer Incorrect Answer
    B Intangible Asset Correct Answer Incorrect Answer
    C Fictitious Asset Correct Answer Incorrect Answer
    D Liquid Asset Correct Answer Incorrect Answer
    E Current Asset Correct Answer Incorrect Answer

    Solution

    Goodwill is a non-monetary asset without physical substance that provides future economic benefits, making it an intangible asset.

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