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Pedro Lucena
on Nov 09, 2024

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The intangible asset that allows a business to earn a higher return than a comparable business might generate with the same tangible assets is known as ______.

A) intangible assets
B) tangible assets
C) preferred merchandise lines
D) goodwill

Goodwill

An intangible asset that represents the value of a company's brand name, solid customer base, good customer relations, good employee relations, and any patents or proprietary technology.

Intangible Assets

Assets that cannot be physically touched or held, such as patents, trademarks, and goodwill.

Tangible Assets

Physical and material assets, such as machinery, buildings, and land, that have a value and can be seen and touched.

  • Recognize the concept and significance of goodwill in business transactions.
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maria garciaNov 12, 2024
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