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Only goodwill recognized in the accounting records is purchased goodwill because?

A - it is not assets B - assets must generate from past transaction C - it is intangible asset

D - all answers are false

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Question ajoutée par Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date de publication: 2016/08/17
Abdul Jaleel Hasan
par Abdul Jaleel Hasan , Director Finance & Accounts / Company Secretary , Association for Academic Quality (AFAQ)

Its value can be determined at the time of transaction.

Muhammad Rafeeq
par Muhammad Rafeeq , Asst. Finance Manager , Caltrols Fzco

C). It is an Intangible asset, it is an additional value assessment created by the owners of the business.

Tomasz L
par Tomasz L , Reporting Specialist , Outworking

Yes, C is the right answer. 

VENKATA  RAMANAIAH
par VENKATA RAMANAIAH , General Manager , M/S BEML Ltd

Because the value is identified.As regards the value which has 

been created is an intangible asset and the value is

assigned in certain circumstances only

Jaser Abusnineh - FFAC
par Jaser Abusnineh - FFAC , Finance Manager , Hijaz Towers Investment

The right answer for that Question        C- it is intangible Asset

Mubarak Ghaith
par Mubarak Ghaith , Financial Accountant , Egypt Japan University for Science and Technology E-just

C - it is intangible asset

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