Goodwill Is Not Recognized in Accounting Unless It Is Acquired

question 269

True/False

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

Grasp the role of audience analysis and feedback incorporation in document preparation.

Identify techniques for idea generation and organization within the writing process.

Understand the importance of sentence structuring, including the use of parallel structures and avoiding jargon, to enhance readability.

Distinguish between good business writing and traditional academic writing in terms of style and presentation.

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Definitions:

Legal Encyclopedias

Comprehensive written compilations that systematically summarize the law, typically arranged by subject matter, serving as an important reference tool for legal practitioners and scholars.

Corpus Juris Secundum

A comprehensive encyclopedia of United States law, including an extensive compilation and interpretation of cases and statutes.

American Jurisprudence 2d

A comprehensive encyclopedia set covering all fields of American law, serving as a secondary reference for legal principles.

Pocket Part

A pamphlet containing recent cases or changes in the law that is used to update legal encyclopedias and other legal authorities. It is called a “pocket part” because it slips into a pocket or sleeve in the front or back binder of the volume.