The Statement Concerning Goodwill That Is Not Correct Is

question 53

Multiple Choice

The statement concerning goodwill that is not correct is:

• A)Goodwill can be recognised on the balance sheet only if it is purchased
• B)Goodwill is calculated as the excess of the consideration paid for a business over the fair value of the net assets acquired
• C)Goodwill can only be purchased when a business is acquired as a going concern
• D)Goodwill represents the value of trademarks,brand names,patents,licences etc.

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Definitions:

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