Goodwill that was internally developed should be amortized over a life not to exceed

a. 100 years
b. 40 years
c. 20 years
d. 10 years
e. No useful life, as such goodwill is not recorded as an asset


E

Business

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To maintain a class action lawsuit, a class must be ________ by the appropriate federal or state court.

A. sealed B. patented C. certified D. sequestered

Business

A control that may be implemented to ensure all sales that occur are recorded in the general ledger includes which of the following?

a. Use of prenumbered shipping, invoice and sales documents. b. Use of prenumbered statements, inventory lists and credit memos. c. Reconciliation of invoices with customer statements. d. Use of pre-authorized price lists.

Business

Which of the following stages of the new product development process occurs immediately after the completion of the business analysis for the product or service?

A) idea screening B) product development C) product activation D) marketing strategy development E) product design

Business

What types of products do specialty stores carry? Give an example of a specialty store

What will be an ideal response?

Business