Goodwill Created in a Merger Must Be Amortized Over Its

question 34

True/False

goodwill created in a merger must be amortized over its expected life, usually 40 years, for shareholder reporting purposes.

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist who founded the discipline of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Primary Process

A term from psychoanalytic theory that describes the irrational and instinctual thought processes of the unconscious mind.

Condensation

In psychoanalytic theory, the method of primary process thinking in which several ideas are compressed into one.

Displacement

In psychoanalytic theory, the defense mechanism that redirects an impulse from a dangerous target to a safe one.