7. Discuss three different methods of accounting for purchased goodwill. For each method you state,...
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7. Discuss three different methods of accounting for purchased goodwill. For each method you state, describe the accounting adjustments (if any) needed on the statement of financial position and/or the income statement. What are the key arguments for and against each of the three methods you have chosen? Your answer to this question should not be more than 800 words.
Total 20 marks
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