question: Complete the next sentence:

How to account for goodwill
Recognize the difference between tangible and intangible assets.
Goodwill is considered an intangible asset. Unlike tangible assets, which are physical assets such as property, machinery, or vehicles, an intangible asset is an asset that cannot be touched.

answer: These would traditionally include things like brand names, copyrights, patents, or trademarks. From an accounting perspective, both tangible and intangible assets are recorded on the balance sheet, since both types of assets have value.

question: Complete the next sentence:

A biker seated on a bike revs the engine. another biker

answer: is shown seated on a bike, making a gesture with both arms.

question: Complete the next sentence:

. a man in a green and blue wet suit

answer:
surfs on a rough series of waves in the ocean at the beach.