When does Goodwill arise - SS2 Accounting Goodwill: Meaning Question
When does Goodwill arise?
A
When a business is sold for a price that is equal to the value of its net tangible assets
B
When a business is sold for a price that is lower than the value of its net tangible assets
C
When a business is sold for a price that is higher than the value of its net tangible assets
D
When a business does not have any tangible assets
correct option: c
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