When an entire business is purchased, goodwill is the excess of cost over the carrying amount of the net identiﬁable assets acquired.

Name: When an entire business is purchased, goodwill is the excess of cost over the carrying amount of the net identiﬁable assets acquired.
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Goodwill is calculated as the excess of cost over the carrying amount of the net identiﬁable assets acquired when an entire business is purchased.

When an Entire Business Is Purchased, Goodwill Is the Excess