Goodwill May Be Recorded When

question 99

Multiple Choice

Goodwill may be recorded when

• A) it is identified within a company.
• B) one company acquires another in a business combination.
• C) the fair value of a company's assets exceeds their cost.
• D) a company has exceptional customer relations.

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Definitions:

Automatic Attitudes

Automatic attitudes are immediate, involuntary responses or evaluations that occur in the mind toward a person, object, or concept.

Deliberate Attitudes

Attitudes that are formed consciously and are the result of careful thought and consideration.

Consciously Aware

Being fully aware of one's thoughts, feelings, and environment in the present moment.

Automatic Attitudes

Immediate and instinctive evaluations that occur without conscious awareness towards people, objects, or issues.