Goodwill is:
A) something easily quantified
B) not important to companies
C) a major tangible asset
D) a minor intangible asset
E) none of the other choices are correct

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets. It is not easily quantified, is very important to companies, and is not considered a minor asset.

Goodwill Is