When the owner of a business discusses 'goodwill' what does he or she mean?
A) Goodwill is the name of the business
B) Goodwill is the residual value created by an owner of a business in terms of their time,effort and public image after the value of the physical and tangible assets are deducted from the total value of the business
C) Goodwill is when the company throws in extra goods at the time of purchase
D) All of these choices
Correct Answer:
Verified
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