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According to GAAP regarding ammortization of goodwill, which of the following is true? goodwill recognized in consolidation must be recognized over 2 0 years. goodwill

According to GAAP regarding ammortization of goodwill, which of the following is true?

goodwill recognized in consolidation must be recognized over

20

years.

goodwill recognized in consolidation must be expensed in the period of acquisition.

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