Treatment to Goodwill in Funds Flow Statement

Q.  Which of the following statement is true?

A) If the amount of good will increases during current year, the difference is treated as purchase of goodwill.
B) If the amount of good will decreases during current year, It will treated as written off.
- Published on 19 Oct 15

a. Only A
b. Only B
c. Both A and B
d. None of the above

ANSWER: Both A and B

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