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Which of the following is an item of special assets?

Accounts - Principles of Accounts
JAMB 2012

Which of the following is an item of special assets?

  • A. Fixed assets
  • B. Current assets
  • C. Trademark
  • D. Gratuity
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Correct Answer: Option C
Explanation

Special assets are typically private business interests, properties or natural resources that can be difficult to convert directly to more liquid investments, like cash. They may also be called illiquid assets. Example are trademarks, goodwill


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now