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Explain what is meant by goodwill

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Reference no: EM132913429

Question 1: Explain what is meant by goodwill, issues that arise when recording goodwill, the difference between goodwill impairment and amortisation and explain how goodwill assists with the fundamental characteristics of financial information according to the conceptual framework. (i.e. relevance, faithful representation, comparability, verifiability, timeliness, understandability).

Reference no: EM132913429

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