Assuming That Hanson Had No Recorded Goodwill Prior to January

question 18

Multiple Choice

Assuming that Hanson had no recorded goodwill prior to January 1, 2018, what would be the amount of goodwill appearing on Hanson's December 31, 2018 consolidated balance sheet?

• A) $75,000.
• B) $80,000.
• C) $117,000.
• D)$195,000.

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Definitions:

Aligning People

The process of bringing individuals or groups into a position of agreement or cooperation with certain principles, goals, or strategies.

Establishing a Direction

The act of setting a course or guiding principles that an organization or individual intends to follow.

Elements

Fundamental components or substances that cannot be simplified using chemical means, forming the building blocks of matter.

Motivation

The inner drive or process that stimulates and directs human behavior towards achieving specific goals.