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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

12. 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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