Goodwill Can Be Recorded as an Asset When A(n)

question 51

Multiple Choice

Goodwill can be recorded as an asset when a(n)

• A)business has above normal profitability compared to other businesses in its industry.
• B)business can determine that it has created customer goodwill and name recognition.
• C)offer is received to purchase the business at a price in excess of the value of the assets.
• D)business is purchased and payment is made in excess of the value of the net assets.

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Definitions:

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