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:

Biological pH

Refers to the pH level within a living organism, which is crucial for maintaining the proper functioning of cells and biological processes.

Fischer Projection

A method of drawing organic molecules to represent three-dimensional structures on a two-dimensional plane, commonly used for sugars and amino acids.

L-Valine

An essential amino acid with a branched-chain structure, important in protein synthesis and metabolic processes.

pH

A scale used to specify the acidity or basicity of an aqueous solution, with values less than 7 indicating acidity and values greater than 7 indicating basicity.