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Cabot Corporation's balance sheet at December 31, 2009, includes an asset entitled goodwill in the amount of $900,000, net of accumulated amortization.Under what circumstances is

Cabot Corporation's balance sheet at December 31, 2009, includes an asset entitled goodwill in the amount of $900,000, net of accumulated amortization.Under what circumstances is goodwill recorded in the accounting records? Include in your answer a specific situation in which Cabot would have recorded the goodwill mentioned above

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