The Statement About Goodwill That Is True Is

question 3

Multiple Choice

The statement about goodwill that is true is:

• A)Goodwill can be purchased or sold as a separate item
• B)Goodwill arises from many factors,such as customer confidence,superior management and a favourable location
• C)Under IFRS 3/AASB 3 goodwill must be amortised
• D)Goodwill is classified as a current asset

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Definitions:

Reproductive Potential

The biological capability to reproduce, involving factors like the viability of gametes, fertility, and general health influencing the success of reproduction.

Good Health

A state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Sexual Strategies Theory

The theory that men and women have different short-term and long-term mating strategies.

Evolutionary Mating

A theory suggesting that the patterns of dating, courtship, and sexual behavior are driven by innate biological instincts developed through natural selection to ensure reproductive success.