Goodwill

Multiple Choice

Goodwill:

A) should be treated like most other intangible assets and amortized over a useful life of not more than 40 years.
B) is an accounting measurement of how well a company's employees behave towards the company's customers.
C) should be recorded as a negative value if a company is purchased for less than the net carrying value of its assets.
D) is recorded when the purchasers of a business pay more than the fair market value of the assets purchased.