Goodwill:

Multiple Choice

should be treated like most other intangible assets and amortized over a useful life of not more than $40$ years.

is an accounting measurement of how well a company's employees behave towards the company's customers.

should be recorded as a negative value if a company is purchased for less than the net carrying value of its assets.

is recorded when one company purchases another and the buyers pay more than the fair value of the assets purchased.

habled: Exam $3($Chaptors $9\mathrm{.}11)$ Closod Book and Indivi:.

i

In recording the acquisition cost of an entire business:

Muttiple Choice

goodwill is recorded as the excess of cost over the fair value of identifiable net assets.

assets are recorded at the seller's book values.

goodwill, if it exists, is never recorded.

goodwill is recorded as the excess of cost over the book value of identifiable net assets.