Question : Increase in value of Goodwill means___________
Option 1: Goodwill purchased
Option 2: Non purchased goodwill ( self - Generated goodwill )
Option 3: Both 1 and 2
Option 4: None of the above
Answer (1)
25th Jan, 2024
Correct Answer: Goodwill purchased
Solution : Answer = Goodwill purchased
An increase in the value of Goodwill typically refers to purchased Goodwill, which arises when a company acquires another business for a price higher than the fair value of its identifiable net assets. Non-purchased or self-generated Goodwill does not involve an acquisition and, therefore, does not increase in value.
Hence, the correct option is 1.
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