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Which of the following is incorrect about Goodwill It is recognized if purchased. O a. It is recognized if purchased. Ob.It is tested periodically for

Which of the following is incorrect about Goodwill It is recognized if purchased.

O a. It is recognized if purchased.

Ob.It is tested periodically for impairment.

Oc. It is intangible asset.

O d.It amortized over its useful life.

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