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a. The amount of goodwill is measured by subtracting the amount paid for assets from their fair market value on the purchase date.
b. The amount of goodwill is recorded as an asset.
c. Recording impairment of goodwill reduces the amount of net income.
d. All of the above.
Yes, Option D is the right answer.
Answer is option D..................................................................
All statement is true thus D is correct answer.
D) All of the above statements about goodwill is true
d. All of the above.===============
All the given statements are true for goodwill. Thus correct answer is option (d) all of above.
D---------------------------------------------------
ANSWER ID D ALL OF THE ABOVE
The correct answer from my point of view is ( D ) .
