Which Statement Is Not Correct

question 74

Multiple Choice

Which statement is not correct?

• A)Goodwill represents the difference between the purchase price and the fair value of net assets acquired.
• B)Fair value is the after-tax amount at which an item could be sold in an arm's length transaction.
• C)Economic goodwill differs from accounting goodwill and can be created by branding.
• D)Fair value is the amount which could be exchanged in an arm's length transaction.

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Definitions:

Infographics

Graphical visualizations that aim to simplify complex information into a digestible and visually engaging format.

Animation

The process of creating motion and shape change illusions by means of the rapid display of a sequence of static images that minimally differ from each other.

Gantt Chart

A type of bar chart that illustrates a project schedule, showing the start and finish dates of elements.

Time Line Chart

Chart that shows how much time is needed to complete each task in a project.