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  3. Study Set
    Advanced Accounting Concepts and Practice
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    Exam 21: Partnerships: Changes in Ownership
  5. Question
    In Partnerships, Goodwill Cannot Be Recorded Unless It Results from a Business
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In Partnerships, Goodwill Cannot Be Recorded Unless It Results from a Business

Question 28

Question 28

True/False

In partnerships, goodwill cannot be recorded unless it results from a business combination that does not qualify as a pooling of interests.

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