Multiple Choice
Which of the following is not true about goodwill ?
A) Goodwill must be written off over 20 years.
B) Goodwill must be checked for impairment at least annually.
C) The loss of key customers could impair the value of goodwill.
D) Goodwill does not have to be amortized.
E) Goodwill is shown as an asset on the balance sheet.
Correct Answer:
Verified
Correct Answer:
Verified
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