For accounting purposes, goodwill a) is recorded whenever a company achieves a level of net income that exceeds the industry average. b) is recorded…

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29.

For accounting purposes, goodwill

a) is recorded whenever a company achieves a level of net income that exceeds the industry average.

b) is recorded when a company purchases another business.

c) is expensed in the period it is recorded because benefits from goodwill are difficult to identify.

d) is never recorded.

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