Question: Capitalizing goodwill only when it is purchased in an arm's-length transaction, and not capitalizing any goodw an example of accrual accounting winning out over cash-basis

Capitalizing goodwill only when it is purchased in an arm's-length transaction, and not capitalizing any goodw an example of accrual accounting winning out over cash-basis accounting. GAAP winning out over IFRS. financial accounting winning out over managerial accounting. faithful representation winning out over relevance

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