Which of the Following Statements Regarding Goodwill Is Not Correct

question 67

Multiple Choice

Which of the following statements regarding goodwill is not correct?

• A)Goodwill is not amortized.
• B)Goodwill is tested annually for impairment.
• C)Goodwill is written down if its value is found to be impaired.
• D)Private companies amortize goodwill using the straight-line method over 20 years or less.

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Bedrooms

Rooms within a dwelling intended primarily for sleeping and related activities.

Candidates'

Belonging to individuals who are applying for a position or running in an election.

Promises

Statements or declarations by which a person commits to doing or not doing something in the future.

Procedure

A set of actions or steps taken in order to achieve a particular end, often standardized and systematic.