Accounting for IGCSE & O level - Final Statements (Section 13 - No. 26)
What best describes goodwill?
The value of a company's physical assets.
The excess of the purchase price over the fair value of net assets acquired.
The amount of cash a company has in the bank.
The company's debt.
Giải thích
Goodwill is an intangible asset representing the excess of the purchase price over the fair value of net assets acquired in a business combination.