Question

Which of the following is NOT true in relation to goodwill? *

1 point

(A) It is an intangible asset

(B) It is fictitious asset

(C) It has a realisable value

(D) None of the above​

Answer 1

Question:

Which of the following is NOT true in relation to goodwill? 

(A) It is an intangible asset

(B) It is fictitious asset

(C) It has a realisable value

(D) None of the above

Answer:

Option (B) It is fictitious asset.

Goodwill is not a fictitious asset. So, option b) is the correct one.

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