When Purchasing an Entire Company, What Is the Accounting Term

question 103

Multiple Choice

When purchasing an entire company, what is the accounting term for the purchase price in excess of identifiable assets?

• A) Goodwill
• B) Excess value
• C) Patent
• D) Intangible asset

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Definitions:

Immediate Reinstatement

The rapid return of an individual to their previous position or status, often following an unfair dismissal or suspension.

Union Organizing Drive

A concerted effort by workers and/or union representatives to gain union representation in a workplace.

Corporate Campaign

An organized effort, typically by unions, targeting a company to apply pressure for changes in labor practices or to support workers' rights.

Permanent Replace

The practice of hiring new employees to permanently take the positions of striking workers.