Discuss the arguments for and against recognising goodwill as an asset
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Discuss the arguments for and against recognising goodwill as an asset

8. What is goodwill? Discuss the arguments for and against recognising goodwill as an asset in financial statements. Discuss three different accounting treatments for goodwill and the impact that they have on financial statements.

Hint
Accounts and Finance The accounting treatment for goodwill is still debated, within both the accounting and financial businesses, since it is, basically, a workaround used by accountants to pay off for the fact that industries, when bought, are cherished based on approximations of future cash flows and prices bargained...

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