Question: Under what conditions may goodwill be recorded? A. When a formal appraisal is made. B. When net assets are amortized to a point below 33-1/3%

Under what conditions may goodwill be recorded?

A.When a formal appraisal is made.

B.When net assets are amortized to a point below 33-1/3% of the fair value of the entity.

C.Never.

D.When a business is acquired.

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