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    Accounting for Corporate
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    Exam 2: Principles of Consolidation
  5. Question
    Explain Why the Existence of Goodwill Enables an Entity to Generate
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Explain Why the Existence of Goodwill Enables an Entity to Generate

Question 17

Question 17

Essay

Explain why the existence of goodwill enables an entity to generate higher future cash flows or profits than would otherwise occur.

Correct Answer:

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Goodwill:
- Goodwill represents future e...

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