When the sum of the fair values of the identifiable net assets acquired exceeds the cost of acquisition,the difference is known as:
A) negative goodwill
B) excess on acquisition
C) goodwill
D) both A and B

Question

Quizplus · Accepted Answer

The Answer of When the sum of the fair values of the identifiable net assets acquired exceeds the cost of acquisition,the difference is known as:
A) negative goodwill
B) excess on acquisition
C) goodwill
D) both A and B

When the Sum of the Fair Values of the Identifiable