The Characteristic That Distinguishes the Goodwill from Other Intangible Assets

question 2

Multiple Choice

The characteristic that distinguishes the goodwill from other intangible assets is:

• A)identifiability
• B)its nature as a monetary asset
• C)that is has a physical embodiment
• D)it can be separated from the entity and sold individually.

---

Definitions:

Markup Rate

The percentage added to the cost price of goods to cover overhead and profit.

Markup

The amount added to the cost price of goods to cover overhead and profit.

Rectangular Room

A prism-shaped space with four walls at right angles to each other, typically used to describe a standard room shape.

Circular Rug

A rug in the shape of a circle, often used as a decorative piece in homes.