Which Statement Is Not Correct

question 5

Multiple Choice

Which statement is not correct?

• A)Goodwill equals the purchase price less the fair value of net assets acquired.
• B)Intangible assets can be purchased or internally created.
• C)Economic goodwill equals accounting goodwill and can be created by branding.
• D)Intangible assets are identifiable assets without physical substance.

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Definitions:

Lookup Field

A field in a database that allows the user to select a value from another table or list, facilitating data entry and consistency.

Display Control

A feature or tool that manages how content is visually presented on a screen.

Regular Field

A standard data entry area in a form or database, used to input or display single pieces of information.

Query Design Grid

A graphical tool within database software that lets users construct queries by laying out fields and criteria in a grid format.