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Question
A ______ is an intangible asset.
Options
Goodwill
Stock
Building
Cash
MCQ
Fill in the Blanks
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Solution
A goodwill is an intangible asset.
Explanation:
Goodwill is an intangible asset as it has no physical existence. It cannot be seen or felt. On the other hand, stock and cash are current assets of the business, whereas the building is a fixed asset.
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