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Question : Goodwill and patents fall under the category of ________.

Option 1: Current assets   

Option 2: Liquid assets 

Option 3: Intangible assets 

Option 4: Tangible assets 


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Intangible assets 


Solution : Answer = Intangible assets 

Goodwill and patents fall under the category of intangible assets. Intangible assets lack physical substance but have value to a company, such as brand reputation (goodwill) and intellectual property rights (patents), contributing to the company's long-term value and competitive advantage.
Hence, the correct option is 3.

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