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Which of the following is an item of special assets?

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Accounts - Principles of Accounts JAMB 2012

Which of the following is an item of special assets?

  • Fixed assets
  • Current assets
  • Trademark checkmark
  • Gratuity

The correct answer is: 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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