The term net identifiable assets means:
A) All assets minus all liabilities.
B) All assets except goodwill, minus all liabilities.
C) All assets except intangibles, minus all liabilities.
D) All fixed assets less liabilities.

Question

Quizplus · Accepted Answer

Net identifiable assets refer to the assets that can be identified and separated from goodwill. Therefore, the correct option is B, which states that net identifiable assets are equal to all assets except goodwill, minus all liabilities. Option A includes goodwill, which is not considered a net identifiable asset. Option C excludes intangible assets, which may or may not be considered net identifiable assets depending on their separability from other assets. Option D is incorrect since it only considers fixed assets, and net identifiable assets include all assets.

The Term Net Identifiable Assets Means