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When will a firm record goodwill on its books? a. When one company acquires another company for a price in excess of the fair market
When will a firm record goodwill on its books?
a. | When one company acquires another company for a price in excess of the fair market value of the net identifiable assets acquired.
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b. | When the firm donates property to charities. | |
c. | When it is determined that there has been a loss of value of long-term assets. | |
d. | When fixed assets are impaired. |
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