With of the following statements is most accurate with respect to goodwill?
A) Goodwill is an intangible asset subject to annual amortization.
B) Goodwill is an intangible asset subject to annual amortization and impairment testing.
C) Goodwill is not amortized but is tested annually for impairment.
D) Goodwill is not amortized or tested for impairment.
Correct Answer:
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