Goodwill represents the future benefits of unidentifiable assets. How many of the factors listed below contribute to the value of goodwill?
$\bullet$Favourable location
$\bullet$Efficient management
$\bullet$Good customer relations
$\bullet$Staff skills and experience
A) 1
B) 2
C) 3
D) 4

Question

Quizplus · Accepted Answer

All four factors listed contribute to the value of goodwill. A favourable location, efficient management, good customer relations, and skilled and experienced staff can all enhance a company's reputation and future profitability, which is reflected in the value of goodwill.

Goodwill Represents the Future Benefits of Unidentifiable Assets ∙\bullet∙ Favourable Location ∙\bullet∙

Goodwill Represents the Future Benefits of Unidentifiable Assets $\bullet$ Favourable Location $\bullet$