Which of the following is an intangible asset?
A)Oil
B)Goodwill
C)Retained Earnings
D)Accounts Receivable

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that represents the premium value of a company's reputation, brand image, customer loyalty, and other non-physical attributes. Oil (A) is a tangible asset, as it is a physical substance that can be measured and sold. Retained Earnings (C) and Accounts Receivable (D) are also intangible assets, but Goodwill is a more appropriate answer as it is the only option that solely represents the intangible aspects of a company's value.

Which of the Following Is an Intangible Asset