Which of the Following Statements Regarding Goodwill Is False

Multiple Choice

Which of the following statements regarding goodwill is false?

A) Goodwill indicates that a company has acquired strong and well?established companies.
B) Current United States' generally accepted accounting principles GAAP) allow for the amortization of goodwill to be up to 10 years.
C) The periods over which goodwill can be amortized vary from country to country.
D) Goodwill amortization amounts are often relatively small as compared to net income.