Goodwill Can Be Recorded as an Asset When A(n)

Multiple Choice

Goodwill can be recorded as an asset when a(n)

A) business has above normal profitability compared to other businesses in its industry.
B) business can determine that it has created customer goodwill and name recognition.
C) offer is received to purchase the business at a price in excess of the value of the assets.
D) business is purchased and payment is made in excess of the value of the net assets.