ellenrucks6156 ellenrucks6156
  • 12-01-2023
  • Business
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An asset is classified as goodwill on the balance sheet when a company purchases an asset at greater than fair-market value. According to GAAP, you can adjust goodwill when__________
SELECT ONLY ONE
O an asset is
O sold stock prices go down
O a new asset is purchased
O stock prices go up
O goodwill is impaired

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