When an Entire Business Is Purchased Goodwill Is the Excess

question 234

True/False

When an entire business is purchased goodwill is the excess of cost over the book value of the net assets acquired.

---

Definitions:

Warmth

The quality or state of being pleasantly hot or comfortable in temperature.

Touch

The sensation or act of coming into contact with something, typically referring to human sensory experience.

Aggressiveness

The quality of being boldly assertive or forward, sometimes resulting in hostile or violent behavior.

Closed Posture

A position that conveys the feeling of not being totally receptive to what is being said; arms are often rigid or folded across the chest.