Which of the following costs of goodwill should be amortized over their estimated useful lives? costs of goodwill from a business combination; costs of developing goodwill internally

Which of the following statements best describes the primary purpose of Statements on Auditing Standards (SASs)?

a. They are guides intended to set forth auditing procedures applicable to a variety of situations b. They are procedural outlines intended to narrow the areas of inconsistency and divergence of auditor opinion c. They are authoritative statements, enforced through the Code of Professional Conduct, and are intended to limit the degree of auditor judgement d. They are generally accepted auditing standards

In a classic linear approach to new-product development, various development phases may overlap

Indicate whether the statement is true or false