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No. 1 Goodwill is 2 3 Question a. a liability b. amortized over a five year life C. an intangible asset d. all of
No. 1 Goodwill is 2 3 Question a. a liability b. amortized over a five year life C. an intangible asset d. all of the above Disclosure information about major customers a. must include names of the individual customers b. is only disclosed for foreign customers C. d. is only disclosed for companies owning foreign subsidiaries none of the above The profit or loss on an intercompany sale must be removed so the inventory is reported at a. the selling price of the inventory to outside parties b. zero c. the original cost to the consolidated entity d. half of book value Income to controlling interest a. is always greater than consolidated net income. b. includes noncontrolling interest income c. is an intangible asset d. none of the above
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