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.

Question

Quizplus · Accepted Answer

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.