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Which of the following statements is true a.A company records its own goodwill after assessing...

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Accounting

Which of the following statements is true

a.A company records its own goodwill after assessing its extra special ability to generate profits.

b.A company records purchased goodwill after paying an amount in excess of the net identifiable assets of a company it acquired.

c.Either of the above

d.None of the above

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