Question

For accounting purposes, goodwill is recorded whenever a company achieves a level of net income that exceeds the industry average. Is recorded when a company purchases another business. Is expensed in the period it is recorded because benefits from goodwill are difficult to identify. Is never recorded.

Answer 1

Full cost of the product is:

a.The sum of all costs in the value chain minus marketing costs.

Answer 2

Explanation:

accounting, goodwill achieves a level of net income that exceeds the industry. Show transcribed ... May be recorded when a company purchases another business.