Goodwill is the excess of the purchase price over the fair market values of the acquired company's tangible assets,identifiable intangible assets,and liabilities.

Question

Quizplus · Accepted Answer

Goodwill is calculated by subtracting the fair market value of the tangible assets, identifiable intangible assets, and liabilities of the acquired company from the purchase price. Therefore, the statement is true.

Goodwill Is the Excess of the Purchase Price Over the Fair