Asked by Kendall Messerole on Jun 18, 2024
Verified
Goodwill is a type of tangible capital.
Goodwill
An intangible asset on a company's balance sheet that represents the premium paid over the fair market value of the acquired assets in a business acquisition.
Tangible Capital
Physical assets that are used in the operating activities of a business, such as buildings, machinery, and equipment.
- Differentiate between tangible, intangible, human, and social capital.
Verified Answer
GK
Grace KazakJun 18, 2024
Final Answer :
False
Explanation :
Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment; it represents non-physical qualities such as brand reputation, customer loyalty, and intellectual property.
Learning Objectives
- Differentiate between tangible, intangible, human, and social capital.
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