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The intangible asset goodwill: A. represents the management team's assessment of its value to the company. B. may arise when one company purchases another company.

The intangible asset "goodwill:"

A. represents the management team's assessment of its value to the company.

B. may arise when one company purchases another company.

C. arises because the market value of a company's assets is greater than cost.

D. all of the above are correct.

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