Valuation of Goodwill takes place on which of the following occasions:
A. Incorporation of a new business
B. Change in profit sharing ratio
C. Amalgamation of partnership firm
D. Admission of a partner
E. Dissolution of firm or closure of business
Choose the correct answer from the options given below:

B, C, and D only

Goodwill is also one of the special aspects of partnership accounts which requires adjustment (also valuation if not specified) at the time of reconstitution of a firm viz., a change in the profit sharing ratio, the admission of a partner or the retirement or death of a partner.