Goodwill is considered an intangible asset and is highly valued when securing a loan.

Name: Goodwill is considered an intangible asset and is highly valued when securing a loan.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that represents the excess value of a purchased company over its tangible assets and liabilities. However, it is not typically considered as collateral or highly valued by lenders when securing a loan because it is not a physical asset that can be easily liquidated or valued in case of default.

Goodwill Is Considered an Intangible Asset and Is Highly Valued