Which of the Following Is Incorrect with Respect to Recognized

question 12

Multiple Choice

Which of the following is incorrect with respect to recognized goodwill on the balance sheet?

• A) It should not be amortized over 30 years.
• B) It arises when another company is purchased or when internally generated.
• C) It should be written-down if the future benefits no longer exist.
• D) It may be negative.

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Definitions:

Transaction Processing

The handling, execution, and confirmation of transactions, typically in a database or computerized system.

Cloud Computing

The practice of using a network of remote servers hosted on the Internet to store, manage, and process data.

Intermittent Internet Access

A situation where the availability of internet connection is sporadic or not consistent.