Boodwill represents the excess cost of an acquisition of the:

a. Sum of the fair values assigned to intangible assets less liabilties assumed.

b. sum of the fair values assigned to tangible and intangible assets acquired less liabilities assumed.

c. sum of the fair values assigned to intangibles acquired lesss liabilities assumed.

d. book value of an acquired company.

Excess paid for a company over its book value.