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Question
Goodwill represents
A. management's estimate of the value of the firm's "unidentified" intangible assets.
B. the difference between the acquisition value of an acquired business and the fair value of its identifiable net assets.
C. the difference between the acquisition value of an acquired business and the book value of its identifiable net assets.
D. the sum of the acquisition value of an acquired business and the fair value of its identifiable net assets.
Answer
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