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:

Extended Period

A length of time that is longer than usual or expected.

Case Study Approach

A research method involving an up-close, in-depth, and detailed examination of a subject of study (the case), as well as its related contextual conditions.

Random Selection

Selection of a sample in such a way that each person in a population has an equal and independent chance of being chosen.

Sampling Methods

Techniques used to select a portion of a population for study, aimed at making inferences about the entire population.