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Which of the following is true of goodwill? a. Goodwill must be capitalized when acquired, and amortized over 7 years or less. b. Both created
Which of the following is true of goodwill?
a. Goodwill must be capitalized when acquired, and amortized over 7 years or less. | ||
b. | Both created and acquired goodwill must be recorded in the books. | |
c. | Goodwill must be expensed when acquired. | |
d. | Goodwill is not amortized. |
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