Use the tables for the question(s) below.
Estimated 2005 Income Statement and Balance Sheet Data for Ideko Corporation

-Goodwill is created only when a business is acquired and the amount paid for the business is ________ the value of the assets purchased.
A) greater than
B) smaller than
C) equal to
D) none of the above.

Question

Use the tables for the question(s) below.
Estimated 2005 Income Statement and Balance Sheet Data for Ideko Corporation
 
-Goodwill is created only when a business is acquired and the amount paid for the business is ________ the value of the assets purchased.
A) greater than 
B) smaller than 
C) equal to 
D) none of the above.

Quizplus · Accepted Answer

Goodwill is created when the amount paid for the business is greater than the value of the assets purchased.

Use the Tables for the Question(s) Below