______ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations. A. Status company B. Big income C. Known owners D. Goodwill

Status company
Big income
Known owners
Goodwill

The correct answer is D. Goodwill.

Goodwill is an intangible asset that arises from the favorable reputation of a business. It is the difference between the fair market value of a business and the book value of its assets. Goodwill can be created through a number of factors, such as a strong brand, a loyal customer base, or a well-respected management team.

Status company is not a correct answer because it is not an intangible asset. A status company is a company that has a high social or economic standing.

Big income is not a correct answer because it is not an intangible asset. Big income is the amount of money that a company makes in a given period of time.

Known owners is not a correct answer because it is not an intangible asset. Known owners are the people who own a company.

Goodwill is a valuable asset because it can help a company to generate more revenue and profits. It can also help a company to attract and retain customers and employees.