Purchased goodwill should
a. be written off as soon as possible against retained earnings.
b. be written off as soon as possible as an extraordinary item.
c. be written off by systematic charges as a regular operating expense over the period benefited.
d. not be amortized.
Ans: d. not be amortized.
Business
You might also like to view...
The stockholders' claim to the assets of a business is called equity or stockholders' equity
Indicate whether the statement is true or false
Business
The Fifth Amendment privilege against self-incrimination applies only to natural persons and
not to corporations and partnerships. Indicate whether the statement is true or false
Business