Having recognised goodwill in specific circumstances, for which of the following reasons are partners usually reluctant to

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Having recognised goodwill in specific circumstances, for which of the following reasons are partners usually reluctant to continue recording goodwill in their books?

(a) Goodwill is an intangible asset

(b) Goodwill does not bring in future economic benefit

(d) Goodwill is a fiction of business imagination

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 29, 2023 10:24 AM

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Having recognised goodwill in specific circumstances, for which of the following reasons are partners usually reluctant to

Question:

a All four bb, c & d ca & c da, b & d

Step by Step Answer:

c a Goodwill is an inta...View the full answer

Financial Accounting An Introduction

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