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Item 11 Goodwill is: Multiple Choice Amortized over the greater of its estimated life or forty years. Only recorded by the seller of a business. The value of a business as a whole, over and above the value of its net identifiable assets. Recorded when created internally through advertising expense.

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abiolataiwo2015

Goodwill is the value of a business as a whole, over and above the value of its net identifiable assets.

What is Goodwill?

Goodwill  occur when we have intangible assets  as a result of a buyer purchasing or obtaining a business that is already in existence.

The correct option is C because goodwill is the value of a business as a whole, over and above the value of its net identifiable assets.

Learn more about goodwill here:https://brainly.com/question/13025017

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