TB MC Qu$.7-84($Static$)$ In accounting, goodwill:$2$pointsIn accounting, goodwill:$00$:$39$:$31$Multiple ChoiceFilesMay be reported only when one company acquires another company.Is amortized over its useful life.May be reported whenever a company achieves a level of net income that exceeds the industry average.Must be expensed in the period it is reported because benefits from goodwill are difficult to identify.