Goodwill would appear in which balance sheet section?
A)Investments
B)Property,plant,and equipment
C)Current assets
D)Intangible assets

Question

Quizplus · Accepted Answer

Goodwill is classified as an intangible asset on the balance sheet because it represents non-physical assets such as brand reputation or customer loyalty that are acquired when a company is purchased for more than the fair value of its net identifiable assets.

Goodwill Would Appear in Which Balance Sheet Section