Which of the following accounts is only created as the result of acquiring a controlling interest in another company?
A)Patents
B)Goodwill
C)Acquisition expense
D)Acquisition revenue

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that arises when a company pays more than the fair value for the net assets of another company. This occurs when a controlling interest in the acquired company is obtained through an acquisition. Patents, acquisition expense, and acquisition revenue may be created during an acquisition, but they are not exclusive to controlling interest acquisitions.

Which of the Following Accounts Is Only Created as the Result