Which of the following is not true?
a. For accounting purposes, goodwill arises only when a firm acquires another entity in an external market transaction and pays more for that entity than the fair value of the identifiable assets net of identifiable liabilities.
b. Goodwill is the excess of the amount paid for the acquired company over the fair value of identifiable net assets.
c. Goodwill, because it includes unidentifiable intangible resources, has an indefinite life.
d. Indefinite does not mean infinite, only not knowable.
e. Firms amortize goodwill.
E
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The redistributive effect of an import tariff is the transfer of income from the domestic
a. producers to domestic buyers of the good. b. buyers to domestic producers of the good. c. buyers to the domestic government. d. government to the domestic buyers.
An unresolved challenge involved in cross-border data transfers is the ______.
A. respect for individual privacy B. difference in payment mechanisms C. regulations on tariffs D. difference in languages
Return on equity is measured in terms of
a. days. b. times. c. a percentage. d. dollars.
Rio-Werner Corporation owns Rio's Sandwiches, a fast-food restaurant in New Jersey. It wants to operate in five cities on the west coast by means of franchisees which make and sell all menu items from Rio's Sandwiches
Which of the following would best suit Rio-Werner Corporation's franchise plan? A) processing plant B) area C) distributorship D) chain-style