Which one of the following reported assets of a corporation is most likely to realize the smallest percentage of its book value in bankruptcy?

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that represents the excess value paid over the fair market value of assets in an acquisition. In bankruptcy, goodwill is unlikely to be realized as it is dependent on the business continuing as a going concern, which is not the case in bankruptcy.

Which One of the Following Reported Assets of a Corporation