Which of the Following Is Not True About Goodwill

question 21

Multiple Choice

Which of the following is not true about goodwill ?

• A) Goodwill must be written off over 20 years.
• B) Goodwill must be checked for impairment at least annually.
• C) The loss of key customers could impair the value of goodwill.
• D) Goodwill does not have to be amortized.
• E) Goodwill is shown as an asset on the balance sheet.

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Definitions:

Simulation Games

Video games that mimic real-world activities or systems, offering a realistic experience in various contexts like flight, farming, or city-building.

Secondary Sources

Information that has been compiled, summarized, or interpreted from primary data sources, often used in research.

Screen Placement

The strategic positioning of visual elements or interfaces on a digital screen to enhance user experience and accessibility.

Product Placement

The practice of strategically positioning brands or products in various media outlets to increase visibility and influence consumers.