MrAnd MrsCarleton Founded Carleton Industries in 1993

question 61

Multiple Choice

Mr.and Mrs.Carleton founded Carleton Industries in 1993.This year,an independent appraiser placed a $25 million value on Carleton's business; $5 million of the value was attributable to unrecorded goodwill.Which of the following statements is true?

• A)Mr.and Mrs.Carleton are allowed to amortize the $5 million value of their business goodwill over 15 years.
• B)Mr.and Mrs.Carleton have a zero tax basis in their business goodwill.
• C)Mr.and Mrs.Carleton cannot amortize the $5 million value of their business goodwill because it is an intangible asset with an indeterminable life.
• D)None of the above is true.

Distinguish between directional and nondirectional research hypotheses.

Describe the concept of generalizability and its importance in research studies.

Define and differentiate between null hypothesis and research (alternative) hypothesis.

Identify the characteristics and functions of one-tailed and two-tailed tests in hypothesis testing.

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Definitions:

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