INTERMEDIATE ACCOUNTING 17E - UNC CHARL
INTERMEDIATE ACCOUNTING 17E - UNC CHARL
17th Edition
ISBN: 9781119631828
Author: Kieso
Publisher: WILEY
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Chapter 12, Problem 13Q
To determine

Goodwill: Goodwill is an intangible asset. Goodwill is a reputation of a business which cannot be easily identified or valued, but it is calculated as part of its value when it is sold.

To determine the circumstances to recognize goodwill in the accounts.

Recording & writing off goodwill in the books with generally accepted accounting principles.

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