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JAMB Accounting 2020 Objective — Question 36

Question 36 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2020 Objective paper, with the correct answer and a full explanation.

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Goodwill is a

  • A. Fictitious assetCorrect
  • B. Fixed asset
  • C. Current asset
  • D. Investment

Explanation

Goodwill is a fictitious asset because it cannot be seen nor touched.

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