Question: True or False A. Internally generated goodwill may not be recognised as an asset. B. Negative goodwill must be recognized as part of equity (bargain

True or False

A. Internally generated goodwill may not be recognised as an asset.

B. Negative goodwill must be recognized as part of equity (bargain purchase reserve).

C. Goodwill acquired in a business combination should be amortised on a straight-line base over a useful life of not more than 10 years.

D. Goodwill acquired in a business combination should be tested for impairment every year.

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