Which of the Following Is True of Goodwill

question 62

Multiple Choice

Which of the following is true of goodwill?

• A)Goodwill must be capitalized when acquired and amortized over seven 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.

---

Definitions:

Prey Density

The number of prey individuals per unit area, which can influence predator behavior and population dynamics.

Hunting Groups

Hunting groups refer to coordinated assemblies of individuals, either human or animal, that work together to track and capture prey for sustenance, protection, or sport.

Successful Foraging

The process by which animals locate, capture, and consume food efficiently, impacting their survival and reproductive success.

Polygyny

A mating system in which a male animal mates with many females during a breeding season. Compare with polyandry.