alleryStart learning →Goodwill can be recognised only through what?
AAdvertising spend
BAn acquisition
CBrand building
DStaff training
Answer & Solution
Correct answer: B. An acquisition
Goodwill is recognised only on acquisition and cannot be self-created.
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Related questions
Which business combination method has been disallowed under US GAAP since 2001?Goodwill in consolidated statements is treated as what type of asset?Acquirer pays Rs 60,000 for 100% of net assets with fair value Rs 40,000. Goodwill equals:A buys 100% of B for Rs 20 lakh. B's identifiable net assets at fair value are Rs 9 lakh. Goodwill arises when the price paid for a company exceeds what?A negative goodwill result on acquisition is recognised as what?Consideration transferred in a business combination is measured at:After acquisition, NCI is updated for its share of the subsidiary's: