ACC 304 All Assignments ACC 304 All Assignments | Page 213

c. goodwill.
d. direct costs.
41.
Goodwill may be recorded when:
a. it is identified within a company.
b. one company acquires another in a business combination.
c. the fair value of a company’s assets exceeds their cost.
d. a company has exceptional customer relations.
42. When a new company is acquired, which of these intangible
assets, unrecorded on the acquired company’s books, might be
recorded in addition to goodwill?