UCU JULLUI. Allempt 1 Previous Page Next Page Page 28 of Question 31 (3 points) Goodwill can be recorded as an asset when a(n) business has above normal profitability compared to other businesses in its industry. business can determine that it has created customer goodwill and name recognition offer is received to purchase the business at a price in excess of the fair value of the assets. business is purchased and payment is made in excess of the fair value of the net assets Previous Page Next Page Page 28 of 32 Type here to search Oi e 9 E DOLL