Goodwill appears in the books of a business onl... - JAMB Accounting 1994 Question
Goodwill appears in the books of a business only if it has been
A
purchased at a certain price
B
raised in connection with the admission of a new partner
C
raised to account for the true value of a business on the death of a partner
D
raised in order to prevent the balance sheet showing that the business is insolvent
correct option: b
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