O-LevelAccountingThe fundamentals of accounting7707/11 · May/June 2012 · Q211 Mark

Which is an intangible asset?

Agoodwill

Binventory

Cmachinery

Dtrade receivables

✓ Correct answer

A: goodwill

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Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2012 Paper 1 Variant 1, question 21.

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