If a Company Has Goodwill on Its Books,then the Goodwill

question 61

Multiple Choice

If a company has goodwill on its books,then the goodwill:

• A)is amortized over 40 years or useful life,whichever is less.
• B)is tested for impairment annually.
• C)may have been internally created.
• D)may be written up to fair value.

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Definitions:

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