When do we know that a company has a goodwill

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Reference no: EM133340880

Question: This discussing refers to chapter 8 - Accounting for Long-Term Assets. This chapter introduces long-term assets and explain how to account for a long-term asset's cost, the allocation of an asset's cost to periods benefiting from it, the recording of additional costs after an asset is purchased, and the disposal of an asset. It would be wise if you start participating NOW! Answer the question below: When do we know that a company has a goodwill? When can goodwill appear in a company's balance sheet?

Reference no: EM133340880

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