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If a company has goodwill on its books, the goodwill: A. may have been internally created. B. may be written up to fair value. C.

If a company has goodwill on its books, the goodwill:

A.

may have been internally created.

B.

may be written up to fair value.

C.

is tested for impairment annually.

D.

is amortized over 40 years or useful life, whichever is less.

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