When Can Goodwill Be Recorded as an Asset

When can goodwill be recorded as an asset?

A) when the business has above-normal profitability compared to other businesses in its industry
B) when the business can determine that it has created customer goodwill and name recognition
C) when an offer is received to purchase the business at a price in excess of the value of the assets
D) when the business is purchased and payment is made in excess of the value of the net assets