Businesses record goodwill ________
A) when they enjoy an outstanding reputation and loyalty with customers
B) if they acquire another company at an amount higher than the market value of its net assets
C) when they continue the business of an acquired corporation
D) if their market value has increased significantly in the recent years
B
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Stephanie asked Jake and myself to help her write a business plan. That would guide her new company and garner perminent funding.
What will be an ideal response?
When a blanket mortgage is placed upon a property and a "release schedule" is put into the mortgage showing the amount of the loan that must be paid off for each of the lots, those individual amounts would likely be proportionately larger for the first lots that are sold. The reason for this practice is:
A: To increase the security value of the remaining lots; B: To compensate for the loss of security as the lots under the blanket encumbrance are removed; C: To compensate for the loss of security due to the best lots being sold first; D: All of the above.