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A friend has come to you with the following question, "What is this goodwill account that I see on the statement of financial position of a company that I own stock in?"
Instructions
Write a reply to your friend. Include in your explanation three factors that contribute to goodwill, under what circumstances goodwill is recorded, and how it is accounted for.
Editorial Calendar
A schedule used by content creators and publishers to plan, organize, and manage content publication across different media over time.
Originality
The quality of being novel or not derivative, especially in the context of creative works or ideas.
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