Which of the Following Is the Proper Accounting Treatment for Purchased

question 97

Multiple Choice

Which of the following is the proper accounting treatment for purchased goodwill?

• A)Goodwill must be capitalized when acquired, and amortized over 70 years or less.
• B)Goodwill must be capitalized when acquired, and amortized over 20 years or less.
• C)Goodwill must be expensed when acquired.
• D)Goodwill must be capitalized when acquired, and expensed each year to the extent that the value has declined.

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Definitions:

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Conflict Types

Categories of disagreement or discord based on different factors like values, desires, resources, and personalities.

Emotional Intelligence

The ability to understand, manage, and express one's own emotions, as well as to deal with relationships with others in a wise and compassionate way.

Cross-cultural Effectiveness

The ability of individuals or organizations to operate effectively in diverse cultural settings, demonstrating respect, understanding, and adaptability.