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Nickolas Alarca
on Nov 09, 2024

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Few businesses that are for sale have a high amount of ______ value.

A) current asset
B) long-term asset
C) goodwill
D) equipment

Goodwill

An intangible asset that represents the value of a business's brand, customer relations, employee morale, and other factors not reflected in physical or financial assets.

Current Asset

An asset on the company's balance sheet that is expected to be converted into cash within one year.

Long-term Asset

An asset that is not expected to be converted to cash or used up within one year of the balance sheet date.

  • Identify the concept and importance of goodwill in trade activities.
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TC
Tragically CanadianNov 09, 2024
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