Question $6$:

Use the $$advanced search$$ feature $($search by exact phrase$)$ to answer part $($a$).$

Find the ASC reference $($ASC xxx$-$xx$-$xx$-$x$)$ for the following guidance excerpt:

$($a$)$The acquirer shall recognize separately from goodwill the identifiable intangible assets acquired in a business combination.$$

$($b$)$ Does this guidance $($that is$,$ in the ASC subtopic just identified$)$ apply to private companies? Explain why or why not. Cite your sources.