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A business can record goodwill as an asset when a. it purchases another business at a price that exceeds the market value of the acquired

A business can record goodwill as an asset when

a. it purchases another business at a price that exceeds the market value of the acquired net assets.

b. the fair value of its net assets is more than their book value.

c. it has above normal profitability compared to other businesses in its industry.

d. it can determine that it has created customer goodwill and name recognition.

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