Assuming That Hanson Had No Recorded Goodwill Prior to January

question 36

Multiple Choice

Assuming that Hanson had no recorded goodwill prior to January 1, 2018, what would be the amount of goodwill appearing on Hanson' December 31, 2019 Consolidated Balance Sheet?

• A) $75,000
• B) $136,500
• C) $195,000
• D)$209,900

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Definitions:

Dioecious

A term describing plant or animal species where individuals are distinctly male or female, requiring members of both sexes for reproduction.

Flowering Plants

Plants that belong to the group Angiosperms, characterized by producing flowers for reproduction and fruits containing seeds.

Fossil Record

The collection of physical and geological evidence of organisms that lived in the past, preserved in the Earth's crust.

Cretaceous Period

A division of Earth’s history lasting from about 145 to 66 million years ago, marked by the dominance of dinosaurs and the appearance of flowering plants.