Social capital is the major component of what accountants call _____,and it can be found on business's balance sheet.
A) doubtful debt
B) goodwill
C) bequest
D) excise duty

Question

Quizplus · Accepted Answer

Goodwill refers to the intangible value of a business, including its reputation, customer loyalty, and social capital. Social capital is considered a type of goodwill and can be included on a business's balance sheet. Doubtful debt refers to accounts receivable that may not be collected, bequest refers to an inheritance or legacy, and excise duty refers to a tax on certain goods.

Social Capital Is the Major Component of What Accountants Call