Goodwill is recorded as an intangible asset when ________.
A)the fair value of a company's assets exceed carrying value of those assets
B)the fair value of a company's assets are greater than the cost of acquiring that company
C)a company's exceptional quality,reputation,or capability enables it to generate exceptional earnings
D)one company acquires another company

Question

Quizplus · Accepted Answer

Goodwill is recorded as an intangible asset when one company acquires another company and pays more than the fair value of the net identifiable assets.

Goodwill Is Recorded as an Intangible Asset When ________