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When consolidating a subsidiary under the equity method, which of the following statements is true?

a. Goodwill is never recognized

b. Goodwill required is amortized over 20 years

c. Goodwill may be recorded on the patent companyâs books

d. The value of any goodwill should be tested annually for impairment in value

e. Goodwill should be expensed in the year of acquisition.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M953979

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