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  3. Study Set
    Accounting Study Set 2
  4. Exam
    Exam 8: Partnerships: Formation, Operation and Reporting
  5. Question
    Accountants Do Not Recognise Internally Generated Goodwill Because
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Accountants Do Not Recognise Internally Generated Goodwill Because

Question 3

Question 3

Multiple Choice

Accountants do not recognise internally generated goodwill because:


A) it is immaterial.
B) it is not a partnership asset.
C) it cannot be measured reliably.
D) it will not provide a future economic benefit.

Correct Answer:

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