Question

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Long Answer Question No. 2
do you mean by goodwill ? Explain the nature of
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Answer 1

Explanation:

Goodwill is a long-term (or noncurrent) asset categorized as an intangible asset. ... The amount of goodwill is the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in the purchase.

A generality is a general statement that covers a range of things, rather than being concerned with specific instances. [formal]

A generality is a general statement that covers a range of things, rather than being concerned with specific instances. [formal]

Answer 2

Answer:

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Explanation:

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