B Com Exam  >  B Com Questions  >  When can an auditor insist on writing off goo... Start Learning for Free
When can an auditor insist on writing off goodwill?
  • a)
    When the management has decided to increase the value of goodwill.
  • b)
    When the future benefits associated with the goodwill no longer exist.
  • c)
    When the organization's reputation improves significantly.
  • d)
    When the auditors believe the goodwill should be shown at a higher value.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
When can an auditor insist on writing off goodwill?a)When the manageme...
An auditor can insist on writing off goodwill when they believe that the future benefits associated with the goodwill no longer exist. Goodwill is an intangible asset that represents the value of an organization's reputation, and if the anticipated benefits from that reputation cease to exist, it's important to reflect this accurately in the financial statements.
Explore Courses for B Com exam
When can an auditor insist on writing off goodwill?a)When the management has decided to increase the value of goodwill.b)When the future benefits associated with the goodwill no longer exist.c)When the organization's reputation improves significantly.d)When the auditors believe the goodwill should be shown at a higher value.Correct answer is option 'B'. Can you explain this answer?
Question Description
When can an auditor insist on writing off goodwill?a)When the management has decided to increase the value of goodwill.b)When the future benefits associated with the goodwill no longer exist.c)When the organization's reputation improves significantly.d)When the auditors believe the goodwill should be shown at a higher value.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about When can an auditor insist on writing off goodwill?a)When the management has decided to increase the value of goodwill.b)When the future benefits associated with the goodwill no longer exist.c)When the organization's reputation improves significantly.d)When the auditors believe the goodwill should be shown at a higher value.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When can an auditor insist on writing off goodwill?a)When the management has decided to increase the value of goodwill.b)When the future benefits associated with the goodwill no longer exist.c)When the organization's reputation improves significantly.d)When the auditors believe the goodwill should be shown at a higher value.Correct answer is option 'B'. Can you explain this answer?.
Solutions for When can an auditor insist on writing off goodwill?a)When the management has decided to increase the value of goodwill.b)When the future benefits associated with the goodwill no longer exist.c)When the organization's reputation improves significantly.d)When the auditors believe the goodwill should be shown at a higher value.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of When can an auditor insist on writing off goodwill?a)When the management has decided to increase the value of goodwill.b)When the future benefits associated with the goodwill no longer exist.c)When the organization's reputation improves significantly.d)When the auditors believe the goodwill should be shown at a higher value.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of When can an auditor insist on writing off goodwill?a)When the management has decided to increase the value of goodwill.b)When the future benefits associated with the goodwill no longer exist.c)When the organization's reputation improves significantly.d)When the auditors believe the goodwill should be shown at a higher value.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for When can an auditor insist on writing off goodwill?a)When the management has decided to increase the value of goodwill.b)When the future benefits associated with the goodwill no longer exist.c)When the organization's reputation improves significantly.d)When the auditors believe the goodwill should be shown at a higher value.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of When can an auditor insist on writing off goodwill?a)When the management has decided to increase the value of goodwill.b)When the future benefits associated with the goodwill no longer exist.c)When the organization's reputation improves significantly.d)When the auditors believe the goodwill should be shown at a higher value.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice When can an auditor insist on writing off goodwill?a)When the management has decided to increase the value of goodwill.b)When the future benefits associated with the goodwill no longer exist.c)When the organization's reputation improves significantly.d)When the auditors believe the goodwill should be shown at a higher value.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice B Com tests.
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev