Which of the following is an intangible asset?
A)oil
B)goodwill
C)retained earnings
D)accounts receivable

Question

Quizplus · Accepted Answer

An intangible asset refers to a non-physical asset that has no intrinsic value but holds significant value for the business. Goodwill is an intangible asset that represents the value of a company's brand, reputation, customer base, and other intangible factors. Oil (A) is a physical asset, retained earnings (C) are a part of the equity section of the balance sheet, and accounts receivable (D) are a type of asset that represents money owed by customers to a company.

Which of the Following Is an Intangible Asset