If an Activity Is Defined as Legal Then It Is

question 63

True/False

If an activity is defined as legal then it is ethical.

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Definitions:

Goodwill

The intangible asset that arises when a company acquires another company for a price higher than the fair value of its net identifiable assets.

Share Issue Costs

The expenses associated with issuing new shares of stock, including legal, accounting, and underwriting fees.

Fair Value

The valuation expected from selling an asset or the outlay needed to reassign a liability in a coordinated market transaction as determined on the measurement date.

Future Cash Flows

Estimates of the amount of money that is expected to be generated or expended by a business in future periods from its operational activities.