University of Virginia ACCT ACCT MISC 1. Stratton Corporation purchased a piece of land for $50,000. Stratton paid attorney’s fees of $5,000 and brokers’ commissions of $4,000 in
10. If a company reports goodwill as an intangible asset on its books, what is the one thing you know with certainty?
a. The company is a valuable company worth investing in.
b. The company purchased another company.
c. The company has a well-established brand name.
d. The goodwill will generate a lot of positive business for the company for many years to come.
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