when a company establishes an outstanding reputation and has a competitive advantage because of it ,...
when a company establishes an outstanding reputation and has a competitive advantage because of it , the compa,y should record goodwillon it's financial statements. True/False?
Homework Answers
| answer | |
| The statement is false. | |
| According to IFRS internally generated goodwill cannot be recognized as it is not an identifiable resource contolled by the company and that cant be measured reliably. It is not seperable from legal rights. Only goodwill that are purchased by the entity is only recognized in balance sheet. |
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when a company establishes an outstanding reputation
and has a competitive advantage because of it ,...
firm has a sustainable competitive advantage when it can outperform its competitors in the long term....
firm has a sustainable competitive advantage when it can outperform its competitors in the long term. O True O False
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The Chekzar Rubber Company, in financial difficulties because of a poor reputation for product quality, has come out with an ad campaign claiming that the mean lifetime for Chekzar tires is 60,000 miles in highway driving. The editors of a consumer magazine are skeptical, and believe that it is actually less than 60,000 miles. They randomly purchase 36 of the tires and test them in highway use. The mean tire life in the sample is 58,341.69 miles, with a sample...
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