Goodwill represents the excess of the cost of an acquired company over the:

Question

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Goodwill is calculated as the excess of the purchase price of an acquired company over the sum of the fair market values of its identifiable tangible and intangible assets less the liabilities assumed. This includes both tangible assets like property, plant, and equipment, and intangible assets such as patents, trademarks, and customer relationships.

Goodwill Represents the Excess of the Cost of an Acquired