Goodwill is:
A) a major intangible asset
B) not important to companies
C) a major tangible asset
D) a minor intangible asset
E) something easily quantified

Question

Quizplus · Accepted Answer

Goodwill is a major intangible asset, representing the value of a company's reputation, brand recognition, customer base, and other non-physical assets that contribute to its bottom line. It cannot be easily quantified or calculated, but it is typically a critical component of a company's overall value.

Goodwill Is