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Goodwill should properly appear on the financial statements of a company which: Multiple Choice has purchased an entity, and has not yet fully amortized the

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Goodwill should properly appear on the financial statements of a company which: Multiple Choice has purchased an entity, and has not yet fully amortized the goodwill, consistently operates profitably consistently reports above-normal profits meets all of the conditions regarding legal goodwill Only purchased Goodwill is recognized on the financial statements. True or False True False Web content development costs may be expensed or capitalized. True or False True False

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