How Is Goodwill Accounted for Subsequent to Acquisition

question 29

Multiple Choice

How is goodwill accounted for subsequent to acquisition?

• A)It should be written off as soon as possible against retained earnings.
• B)It should not be amortized because it has an indefinite life.
• C)It should be written off as soon as possible as an expense.
• D)It is amortized over its estimated useful life.

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