Goodwill Is an Example of a Tangible Asset

question 47

True/False

Goodwill is an example of a tangible asset.

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Definitions:

United Nations Committee

A subsidiary body of the United Nations established to perform specific tasks, such as overseeing human rights or environmental protocols.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee's name on it.

Unconditional Promise

A pledge or commitment that does not depend on any conditions or stipulations for its fulfillment.

Pay

The remuneration or salary provided to an individual in exchange for their labor or services.