JAMB Accounting 2015 Objective — Question 36

Question 36 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2015 Objective paper, with the correct answer and a full explanation.

Which of the following is an intangible asset and a measure of a firm's superior earning power?

A. Patent
B. GoodwillCorrect
C. Trade mark
D. Right issue

Explanation

Goodwill, though intangible, is the asset that reflects a firm's superior earning power/reputation over its competitors.

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