Multiple Choice
Goodwill is defined in IFRS 3/AASB 3 Business Combinations as:
A) an asset having no physical substance.
B) future economic benefits arising from assets that are not capable of being individually identified and separately recognised.
C) an asset not specifically brought to account.
D) the benefits of a favourable customer relations.
Correct Answer:
Verified
Correct Answer:
Verified
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