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leva [86]
4 years ago
10

Goodwill is: Multiple Choice Amortized over the greater of its estimated life or 40 years. The excess of the fair value of a bus

iness over the fair value of all net identifiable assets. None of these answer choices are correct. Only recorded by the seller of a business.
Business
1 answer:
Svet_ta [14]4 years ago
8 0

Answer:

Goodwill is:

The excess of the fair value of a business over the fair value of all net identifiable assets.

Explanation:

This definition of Goodwill implies that it is usually acquired by the purchaser of another business, when it pays a price higher than the fair market value of the other company's net assets.  It is not a physical asset like property, plant, and equipment, but intangible.

Goodwill arises from a company's good reputation, loyal customers or clientele base, brand identity, talented workforce, and proprietary technology.

Goodwill does not have a definite life and under US GAAP and IFRS standards.  Therefore, it is not amortized like other intangible assets but is evaluated for impairment every year.

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An employee who works from home is participating in what activity?​
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Answer:

TELECOMMUTING

Explanation:

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Andy decides to go skydiving for his 40th birthday. He signs a waiver, boards the plane and prepares for the jump. Everything is
Bumek [7]

Answer: assumption of the risk

 

Explanation: In case of any dispute, if the defendant succeed to prove the court that the the plaintiff knowingly took the potential risk of the activity which he or she was participating, then under the assumption of risk court can reduce or bar the recovery of that plaintiff.

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3 years ago
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almond37 [142]

Answer:

a. All of these

Explanation:

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3 years ago
A disadvantage of using the payback period to compare investment alternatives is that:
Murljashka [212]

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It is based on the number of years it would take for the funds spent to be recovered. Thus, payback period only evaluates a project on the basis of time period it takes to recover back the investment this results in ignorance of cash flows, which might be huge in amount, that results after the pay back period.

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