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  3. for financial reporting purposes, goodwill: may

For financial reporting purposes, goodwill: May be recorded whenever a company achieves a...

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Accounting

  1. For financial reporting purposes, goodwill:
  1. May be recorded whenever a company achieves a level of net income that exceeds the industry average.
  2. Is amortized over its useful life.
  3. May be recorded when a company purchases another business.
  4. Must be expensed in the period it is recorded because benefits from goodwill are difficult to identify.

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