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An entire group of persons, things or events having at least one trait in common defines the
Fair Market Value
The price an asset would sell for on the open market when certain conditions are met, such as both the buyer and seller are knowledgeable, willing, and not under duress.
Goodwill
An intangible asset that arises when a company acquires another business for more than the fair value of its identifiable assets and liabilities.
Liabilities
Financial obligations or debts that a business owes to others, including loans, accounts payable, and mortgages.
Intangible Assets
Non-physical assets that have a value, such as trademarks, patents, and copyrights.
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