O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2014 · Q191 Mark

Which item is an intangible non-current asset?

Abalance at bank

Bgoodwill

Cpremises

Dtrade receivables

✓ Correct answer

B: goodwill

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2014 Paper 1 Variant 2, question 19.

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