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Which statement about Goodwill is true?. Accounting & Finance
Main page
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Accounting & Finance
Which statement about Goodwill is true?
2019-09-11 14:16:42
Accounting & Finance
Goodwill arises from many factors, such as customer confidence, superior management and a favourable location
Goodwill is classified as a current asset
Goodwill is a tangible asset
Goodwill can be purchased or sold as a separate item
Under AASB 3 goodwill is automatically amortised
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