Which of the following is not true in relation to goodwill?

Question

KollegeApply · Accepted Answer

It is fictitious asset. Explanation: Goodwill is not a fictitious asset; it is an intangible asset with a realisable value. Fictitious assets, like preliminary expenses or discounts on issue of shares, do not have any realisable value, whereas goodwill does, especially when a business is sold.

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