For each statement listed below, state whether it is correct or not.
-Goodwill is common on many major U.S.companies' balance sheets because of the numerous mergers and acquisitions that occur.

Question

Quizplus · Accepted Answer

Goodwill often appears on the balance sheets of U.S. companies that have engaged in mergers and acquisitions, as it represents the premium paid over the fair market value of the assets acquired.

For Each Statement Listed Below, State Whether It Is Correct