If the Operating Unit Relating to Goodwill Is Not the Reporting

question 58

True/False

If the operating unit relating to goodwill is not the reporting unit,estimates using cash flow may be necessary to derive the fair market value of the unit.

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Definitions:

Standard Cost

Predetermined cost calculated for the production of a product or performance of a service under normal conditions.

Operator Training

The process of teaching operators to run machinery or systems efficiently and safely.

Maintenance

The activities undertaken to keep an asset in working condition or restore it to proper condition.

Number Of Calls

Represents the total amount of telephone calls made or received by a person or organization within a specific period.