Ask Experts Questions for FREE Help !
Ask
    robin12's Avatar
    robin12 Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 1, 2008, 09:40 AM
    Goodwill represents the excess cost
    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.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    Dec 12, 2008, 08:25 PM

    Excess paid for a company over its book value.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Negative goodwill [ 2 Answers ]

How is negative goodwill recognized on a consolidated balance sheet?

Recording of goodwill [ 1 Answers ]

If on admission of a new partner to a business they contribute capital to the worth of 25,000 in the way of a mmotor vehicle and then additional 6000 in goodwill that is to be credited to the already exsiting 2 partners how would this be recorded

Goodwill Amortization [ 2 Answers ]

If a company purchased a small business in January and recorded 160,000 for goodwill with an indefinite life, then is there an adjusting entry that should be made at the end of the year to record amortization?


View more questions Search