Which of the Following Is True of Goodwill

question 81

Multiple Choice

Which of the following is true of goodwill?

• A)Goodwill must be capitalized when acquired, and amortized over 7 years or less.
• B)Both created and acquired goodwill must be recorded in the books.
• C)Goodwill must be expensed when acquired.
• D)Goodwill is not amortized.

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Definitions:

Input-Output Control

A production management technique that monitors the input of materials and output of products to ensure efficient operation of the manufacturing process.

Finite Capacity Scheduling

A method for planning and scheduling resource allocations and processes, considering the limited availability of these resources.

Time Buckets

A term used in planning and scheduling to represent specific periods of time, such as days, weeks, or months, for organizing activities or data.

MRP

Material Requirements Planning, a system for calculating materials and components needed to manufacture a product.