QUESTION 36

1. Which of the following statements is least likely to be true concerning intangible assets?

	a.	Unidentifiable assets such as goodwill shall never be reported as asset on the balance sheet.
	b.	When intangible assets are purchased as part of a group, the cost to be capitalized for each is determined based on relative fair value.
	c.	The acquisition method requires the purchase price to be allocated to the fair value of the identifiable assets and liabilities of the acquiree. The remainder is recognized as goodwill.