Goodwill Is

question 48

Multiple Choice

Goodwill is:

• A) an intangible asset, as defined in AASB 138.
• B) future economic benefits arising from assets that are not capable of being separately recognised or individually identified
• C) determined as being the excess of the fair value of the identifiable net assets acquired over the cost of an acquisition.
• D) recognised by the acquirer, at acquisition date, as an asset in its own books.

---

Definitions:

Colon

A Colon is a punctuation mark used to introduce a list, explanation, or after a salutation in formal correspondence.

Column Border

A feature in spreadsheet and word processing applications that allows users to define the boundary lines of columns.

Column

A vertical division in a table or spreadsheet, representing a specific category of data.

Insert Rows

an action in spreadsheet and table editing that adds new rows to accommodate additional data.