Which of the following is/are true about goodwill?
a. Goodwill reflects the value of knowledgeable employees.
b. Goodwill reflects the value of a reputation for quality products.
c. Under both U.S. GAAP and IFRS, goodwill has an indefinite life, and firms do not amortize the amount recognized as goodwill.
d. Firms must test goodwill annually for a loss in value.
e. all of the above
E
You might also like to view...
The Capital Asset Pricing Model (CAPM) is a mathematical model that depicts the
A) positive relationship between risk and return. B) standard deviation between a risk premium and an investment's expected return. C) exact price that an investor should be willing to pay for any given investment. D) difference between a risk-free return and the expected rate of inflation.
All of the following are newer XML schema languages EXCEPT:
A) Document Type Declarations (DTDs). B) XML Schema Definition (XSD). C) RELAX NG. D) Document Structure Description (DSD).