Goodwill is a term used for the composite asset of identifiable intangibles.

Name: Goodwill is a term used for the composite asset of identifiable intangibles.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that represents the portion of the business value that cannot be attributed to other identifiable business assets. It is not a composite of identifiable intangibles but rather arises from factors such as reputation, customer loyalty, and future earnings potential.

Goodwill Is a Term Used for the Composite Asset of Identifiable