Multiple Choice
Under the current GAAP,Goodwill arising from a business combination is
A) charged to Retained Earnings after the acquisition is completed.
B) amortized over 40 years or its useful life,whichever is longer.
C) amortized over 40 years or its useful life,whichever is shorter.
D) never amortized.
Correct Answer:
Verified
Correct Answer:
Verified
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