Question

Any firm that earns only normal profits or is incurring loss, normally does not have goodwill.

(True/False)​

Answer 1

Answer:

true

Explanation:

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Answer 2

Answer:

False,Any firm that earns only normal profits or is incurring loss, normally does not have goodwill.

Explanation:

Thus, goodwill exists only when the firm earns super profits. Any firm that earns normal profits or is incurring losses has no goodwill.

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