Which of the following is true regarding the type of intangible item that may constitute an asset?
A) Goodwill, a company name, and a company logo all constitute types of intangible items that may constitute assets.
B) Goodwill and a company name are types of intangible items that may constitute assets, but a company logo is not.
C) Goodwill is a type of intangible item that may constitute an asset, but a company name and a company logo are not.
D) A company name is a type of intangible item that may constitute an asset, but goodwill and a company logo are not.
E) A company name and a company logo are types of intangible items that may constitute assets, but goodwill is not.

Question

Quizplus · Accepted Answer

Goodwill, a company name, and a company logo are all examples of intangible assets. These items can provide economic benefits to a company, such as brand recognition and customer loyalty, which is why they are considered assets.

Which of the Following Is True Regarding the Type of Intangible