Following is a numbered list of assets and the definitions of six assets. Place the number of the appropriate asset in the space to the left of its definition.
-The amount paid by one company in the acquisition of another company, above the amount that can be attributed to the identifiable net assets of the acquired company.
A) Copyright
B) Goodwill
C) Patent
D) Trademark
E) Franchise

Question

Quizplus · Accepted Answer

Goodwill is recognized in accounting as the excess value paid during an acquisition over the fair market value of the identifiable net assets of the acquired company.

Following Is a Numbered List of Assets and the Definitions