At the date of acquisition, goodwill is measured as the excess of the consideration transferred over the net fair value of the identifiable assets acquired and liabilities assumed.

Question

Quizplus · Accepted Answer

This statement is true as per the guidelines of accounting standards. Goodwill is calculated at the time of acquisition as the excess of the purchase price over the net fair value of identifiable assets and liabilities.

At the Date of Acquisition, Goodwill Is Measured as the Excess