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  3. which of the following is not true about goodwill?

Which of the following is not true about goodwill? It must be tested...

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Accounting

Which of the following is not true about goodwill?

It must be tested annually for impairment.

Only purchased goodwill can be recognised.

Internally generated goodwill can be recognised.

A parent can recognise only its share of goodwill.

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