Would really like some help on 3 multiple choice accounting questions, I recommend an accounting expert doing it. My answers are wrong (marked in red), so I would like them corrected. For the last one I am not sure if my answer is correct, Thank you!!!

ints Which of the following is correct regarding "Goodwill"? Multiple Choice O Goodwill represents the excess of the cost of an acquired enterprise over the net of the amounts assigned to assets acquired and liabilities assumed Goodwill may only be recognized when a business is sold None of the other alternatives are correct Goodwill is a type of intangible asset recorded on the income statement Goodwill represents the excess of the cost of an acquired enterprise over the net of the amounts assigned to assets acquired; liabilities are ignored O O O ints Which method gives higher interest expense in the last year when the bonds are issued for more than par? Multiple Choice O None of the other alternatives are correct effective interest method of accounting for interest expense on bonds TG R CXC [V declining balance method of accounting for interest expense on bonds O O @ O straight-line method of accounting for interest expense on bonds All the three statements about bonds are correct 9 nts Selden Co. purchases a factory and pays $5,000,000 cash and uses the factory to produce microchips and then a year later turns around and sells the building for the same amount it originally paid. (money is worth 8% compounded quarterly). Selden will record: Multiple Choice eBook O Not record this as a sale until payment in full is received A gain on the sale Neither a gain nor a loss on the sale There is insufficient information to answer the question A loss on the sale O O |@| O