Question

The Goodwill is not a ________.

Options

• Fictitious Asset

• Intangible Asset

• None of these

• Fixed Asset

Answer 1

The Goodwill is not a Fictitious Asset.

Explanation:

Goodwill is an intangible asset with no physical substance that originates as a result of a company being acquired for a premium price by another. Goodwill is represented by a company's brand name, solid client base, good customer relations, good staff relations, and any patents or proprietary technology.