Which statement is true with respect to AS-26?
A. Purchased goodwill can be shown in the Balance Sheet
B. Revalued goodwill can be shown in the Balance Sheet
C. Both purchased goodwill and revalued can be shown in the Balance Sheet
D. None of the above
Answer:A
Which statement is true with respect to AS-26?
A. Purchased goodwill can be shown in the Balance Sheet B. Revalued goodwill can be shown in the Balance Sheet C. Both purchased goodwill and revalued can be shown in the Balance Sheet D. None of the above