Which of the following terms refers to the amount paid for an existing business beyond the value of its other assets?
A) Goodwill
B) Excess compensation
C) Licensing
D) Asset promotion
E) Liability deduction

Question

Quizplus · Accepted Answer

Goodwill refers to the amount paid for an existing business beyond the value of its other assets, such as physical assets and liabilities. It represents the intangible value of the business, including its reputation, customer base, and brand recognition.

Which of the Following Terms Refers to the Amount Paid