Goodwill should be included on the balance sheet as an intangible asset only whe
ID: 2444702 • Letter: G
Question
Goodwill should be included on the balance sheet as an intangible asset only when
it is sold to another company.
it is acquired through the purchase of an existing business.
a company reports above-normal earnings for five or more consecutive years.
it can be established that a definite benefit or advantage has resulted from some item such as a good reputation.
none of the above
a.it is sold to another company.
b.it is acquired through the purchase of an existing business.
c.a company reports above-normal earnings for five or more consecutive years.
d.it can be established that a definite benefit or advantage has resulted from some item such as a good reputation.
e.none of the above
Explanation / Answer
Goodwill should be included on the balance sheet as an intangible asset only whe
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.