In recording the acquisition cost of an entire business

A) goodwill is recorded as the excess of cost over the fair value of identifiable net assets.
B) assets are recorded at the seller's book values.
C) goodwill if it exists is never recorded.
D) goodwill is recorded as the excess of cost over the book value of identifiable net assets.

Products that are new to a company but not new to the marketplace are classified as ________-________ entries.

A sale-on-approval contract occurs when the seller and buyer agree that the buyer may return the goods at a later time.

Organizations across all cultures face the same type of diversity issues as exist in North America.