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11 February, 10:55

In accounting, goodwill

A. Is never recorded.

B. May be recorded when a company's level of net income exceeds the industry average.

C. Must be expensed in the period when it is acquired.

D. May be recorded when the company purchases another business.

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  1. 11 February, 13:09
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    D. May be recorded when the company purchases another business.

    Explanation:

    Goodwill is the amount in excess of the purchase price of a company acquired less all the liabilities and assets of the company purchased.

    It is recorded on the balance sheet as an intangible asset.
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