Secondary data result from firsthand experience and observation.

The intangible asset goodwill may be

a. capitalized only when purchased. b. capitalized either when purchased or created internally. c. capitalized only when created internally. d. written off directly to retained earnings.

Auditing Interpretations are issued by the Audit Issues Task Force of the Auditing Standards Board (ASB) to provide timely guidance on the application of pronouncements of the ASB. They are

a. Not auditing standards b. Equally as authoritative as Statements on Auditing Standards c. More authoritative than Statements on Auditing Standards d. Nonauthoritative opinions that are expressed without consulting the ASB