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Goodwill appears in the books of a business only if it has been


Question

Goodwill appears in the books of a business only if it has been

Options

A)
purchased at a certain price
B)
raised in connection with the admission of a new partner
C)
raised to account for the true value of a business on the death of a partner
D)
raised in order to prevent the balance sheet showing that the business is insolvent

The correct answer is B.


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