The Intangible Asset Goodwill

question 35

Multiple Choice

The intangible asset goodwill:

• A)represents management's assessment of the value of the superior customer service provided by the company.
• B)may arise when one company purchases another company.
• C)arises because the fair value of a company's inventory is greater than its cost.
• D)is recorded on the parent company books at the time a subsidiary company is sold or otherwise disposed of

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Definitions:

Restate Thesis

The practice of repeating the main argument or claim of an essay or speech in a different way, typically in the conclusion to reinforce the point.

Important Points

Key ideas or elements that are crucial to understanding or resolving a topic or issue.

Appropriate Tone

The selection of words and the manner of speaking that is suited to the context and audience.

Know Your Purpose

Understanding one's own goals, motivations, or reasons for pursuing a particular path or action, often leading to greater personal fulfillment and achievement.