Goodwill Is Not Recognized in Accounting Unless It Is Acquired

question 120

True/False

Goodwill is not recognized in accounting unless it is acquired from purchasing another business enterprise.

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Definitions:

Autism Spectrum Disorder

A spectrum of conditions affecting neurodevelopment, identified by difficulties in social interaction, recurring behaviors, and issues with both spoken and nonverbal communication.

Etiology

The study of the causes or origins of a disease or condition, focusing on determining why certain conditions occur.

Mosaicism

A condition in which an individual has two or more genetically different sets of cells in their body.

Translocation

A cause of Down syndrome in which part of the 21st chromosome of the human cell breaks off and attaches to another. Individuals with Down syndrome due to translocation have all of the features found in trisomy 21.