When an Acquisition Occurs in Not-For-Profit Accounting, Recognition of Goodwill

When an acquisition occurs in not-for-profit accounting, recognition of goodwill depends on:

A) Whether control has been achieved by the acquiring not-for-profit entity.
B) Whether the acquired not-for-profit entity has the ability to generate significant amounts of earned revenue or whether it generates mostly contribution and investment revenue in the future.
C) Whether the acquired not-for-profit entity has the ability to generate significant amounts of both earned revenues and contribution revenues in the future.
D) Whether the acquired not-for-profit entity has a history of generating significant revenues of any type.
E) None of these. Goodwill can only be recognized in an acquisition of a for-profit entity.