Goodwill created because a not-for-profit organization obtains control of another organization is always recorded as an asset.

Name: Goodwill created because a not-for-profit organization obtains control of another organization is always recorded as an asset.
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Question

Quizplus · Accepted Answer

Goodwill in not-for-profit organizations is not typically recognized as an asset when control of another organization is obtained. Instead, the focus is on recording the fair value of identifiable net assets acquired.

Goodwill Created Because a Not-For-Profit Organization Obtains Control of Another