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When realized value of goodwill is given in adjustment, it indicates that ________

  • a) 
    Goodwill is taken over by creditors.
  • b) 
    Goodwill is written off by the old partners
  • c) 
    Goodwill is sold
  • d) 
    Goodwill is purchased
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
When realized value of goodwill is given in adjustment, it indicates t...
Goodwill is a premium paid over the fair value of assets during the purchase of a company. Hence, it is tagged to a company or business and cannot be sold or purchased independently, whereas other intangible assets like licenses, patents, etc. can be sold and purchased independently.
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Community Answer
When realized value of goodwill is given in adjustment, it indicates t...
Yes the right answers is c if it is not sold then non value we got from this
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When realized value of goodwill is given in adjustment, it indicates that ________a)Goodwill is taken over by creditors.b)Goodwill is written off by the old partnersc)Goodwill is soldd)Goodwill is purchasedCorrect answer is option 'C'. Can you explain this answer?
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