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which of the following best describes the accounting for goodwill acquired in business acquisition? a. Goodwill can be recorded by a company when it can
which of the following best describes the accounting for goodwill acquired in business acquisition? a. Goodwill can be recorded by a company when it can demonstrate that the company has generated excess market value directly attributable to its strong reputation b. Goodwill is recorded as an asset when the purchaser of a business believes that the purchased business has a good reputation among its customers c. Goodwill is recorded as an asset when the purchaser of a business pays less than the fair value of the net assets acquired d. Goodwill is recorded as an asset when the purchaser of a business pays more than the fair value of the net assets acquired
a. Goodwill can be recorded by a company when it can demonstrate that the company has generated excess market value directly attributable to its strong reputation
b. Goodwill is recorded as an asset when the purchaser of a business believes that the purchased business has a good reputation among its customers
c. Goodwill is recorded as an asset when the purchaser of a business pays less than the fair value of the net assets acquired
d. Goodwill is recorded as an asset when the purchaser of a business pays more than the fair value of the net assets acquired
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Auditing and Assurance Services A Systematic Approach
Authors: William Messier, Steven Glover, Douglas Prawitt
9th edition
1308361491, 77862333, 978-1259248290, 9780077862336, 1259162346, 978-1259162343
