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How might a founder respond to change in the family business?
Goodwill
An intangible asset that arises when a business is purchased for more than the fair value of its net identifiable assets, representing future economic benefits arising from non-physical assets.
Acquisition Fair Value
The price that would be paid to acquire an asset or the amount received to assume a liability during a business combination.
Business Combination
The coming together of separate entities or businesses into one reporting entity through a variety of transactions such as mergers or acquisitions.
Equity Securities
Equity securities are financial instruments that signify ownership in a company or an entity, and represent a claim on part of its assets and earnings.
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