Goodwill can be introduced when
- the business suffers high loss
- the business is being expanded
- the partnership experience super profit
-
a new member is admitted
The correct answer is: D
Explanation
The circumstances giving rise to the ascertainment of goodwill are:
- admission of a new partner
- change in profit sharing ratio
- death or retirement of a partner
- the business has been purchased
- dissolution of a business