Goodwill May Be Recorded in Which of the Following Circumstances

question 103

Multiple Choice

Goodwill may be recorded in which of the following circumstances?

• A)When the property,plant and equipment of a business increase in value
• B)When a business earns a very high net income
• C)When a business sells property for more than its book value
• D)When one business acquires another business

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Definitions:

Stable

Characterized by consistency, reliability, and lack of volatility, often used to describe economic, environmental, or psychological conditions.

Contrast

In the context of comparison, this term refers to highlighting the differences or disparities between two or more entities, concepts, or phenomena.

Victimless Crimes

Legal offenses where all involved parties consent and no direct victim is apparent, such as gambling or drug use in certain contexts.

Conflict Theory

A sociological perspective that views social life as a competition, emphasizing the role of power and inequality in shaping social relations.