Which of the following intangible assets should be shown as a separate item on the balance sheet?
A) Goodwill
B) Franchise
C) Patent
D) Trademark

Question

Quizplus · Accepted Answer

Goodwill is a significant intangible asset that represents the value of a business's reputation and customer relationships. It should be separately identified on the balance sheet to provide investors and stakeholders with a clear understanding of the business's worth. Franchise, patent, and trademark are also intangible assets, but they may be included under a broader category, such as "intellectual property."

Which of the Following Intangible Assets Should Be Shown as a Separate