FASB Statement 141 Holds That

question 90

Multiple Choice

FASB Statement 141 holds that

• A) goodwill is to be amortized over time.
• B) goodwill can no longer be created in merged financial statements.
• C) goodwill can be increased or decreased over time after the merger.
• D) goodwill is to be regularly evaluated for impairment.

---

Definitions:

Vaginismus

The irregular and involuntary contraction of the muscles around the outer third of the vagina when sexual intercourse is attempted.

Pelvic Physical Examination

A medical examination of the female pelvic organs and structures including the uterus, cervix, vagina, fallopian tubes, and ovaries.

Speculums

Instruments designed to hold open a body cavity or orifice for examination or surgical procedures, commonly used in gynecological exams and ear inspections.

Postmenopausal Woman

A woman who has gone through menopause, the phase marking the end of her menstrual cycles for at least 12 consecutive months.