Goodwill Should Be Written Off

question 16

Multiple Choice

Goodwill should be written off

• A) As soon as possible against retrained earnings
• B) When there is evidence that its carrying value has been impaired
• C) By systematic charges against retained earnings over the period benefited, but not more than 40 years
• D) By systematic charges to expense over the period benefited, but not more than 40 years

---

Definitions:

Followers

Individuals who support and are guided by a leader or who are part of a group led by someone.

Prescriptive Leadership

Prescriptive leadership involves providing guidelines, rules, or advice to followers about what their behavior should be in various situations to achieve desired outcomes.

Descriptive Leadership

An approach that outlines how leaders behave in various situations, focusing on their actions and styles.

Distinctions

Differences or unique characteristics that set someone or something apart from others.