Multiple Choice
Which statement about goodwill is true?
A) Goodwill can be purchased or sold as a separate item.
B) Goodwill arises from many factors, such as customer confidence, superior management and a favourable location.
C) Under IFRS 3/AASB 3 goodwill must be amortised.
D) Goodwill is classified as a current asset.
Correct Answer:
Verified
Correct Answer:
Verified
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