ACC 304 help A Guide to career/Snaptutorial ACC 304 help A Guide to career/Snaptutorial | Page 119

b. Consulting fees.
c. Research and development fees.
d. Design costs.
40. In a business combination, companies record identifiable
intangible assets that they can reliably measure. All other intangible
assets, too difficult to identify or measure, are recorded as:
a. other assets.
b. indirect costs.
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?
a. A brand name.