Accounting for IGCSE & O level - Final Statements (Section 6 - No. 14)

Which of the following is an example of an intangible asset?

Cash

Equipment

Goodwill

Inventory

Explanation

Goodwill is an intangible asset that represents the excess of the purchase price over the fair value of net assets acquired in a business combination.

Accounting for IGCSE & O level - Final Statements (Section 6 - No. 14)

Explanation

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