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Business, 28.03.2020 20:04 sherry59Sherry59

An asset is classified as goodwill on the balance sheet when a company purchases an asset at greater than fair market value.
QUESTION: According to GAAP, you can adjust goodwill when
1)a new asset is purchased
2)stock prices go up
3)an asset is sol
4)goodwill is impaired
5)stock prices go down

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Answers: 2

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