GoodwillA) can be recorded when generated internally.B) can be subdivided and sold in parts.C) can only be identified with the business as a whole.D) need not be tested annually for impairment.

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Vivian Luong · Accepted Answer

Final Answer : C, Explanation :  Goodwill can only be identified with the business as a whole and not as a separate asset. It represents the value of a company's brand name, customer base, employee relations, patents, and proprietary technology. Unlike physical assets, goodwill cannot be sold separately from the business itself.

Goodwill

A) can be recorded when generated internally.
B) can be subdivided and sold in parts.
C) can only be identified with the business as a whole.
D) need not be tested annually for impairment.

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