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1 2 . Which of the following statements about goodwill is true? a . On the purchase date, the amount of goodwill is measured by
Which of the following statements about goodwill is true?
a On the purchase date, the amount of goodwill is measured by subtracting the fair market value of assets acquired from the amount paid for those assets.
b The amount of goodwill is recorded as an asset.
c Recording impairment of goodwill reduces the amount of net income.
d All of the above.
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