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?
a. A brand name. b. A patent. c. A customer list. d. All of the above.
43. Which of the following intangible assets could not be sold by a business to raise needed cash for a capital project?
a. Patent. b. Copyright. c. Goodwill.