The Amount of Goodwill Arising from This Business Combination Is

question 7

Multiple Choice

The amount of goodwill arising from this business combination is:

• A) $300,000.
• B) $500,000.
• C) $530,000.
• D)$1,010,000.

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Definitions:

Composition

In object-oriented programming, composition is a design principle where a class references one or more objects of other classes in instance variables, thus representing a "has-a" relationship.

"Has-a" Relationship

In object-oriented programming, it indicates that an object of one class contains or encapsulates objects of another class.

SetDimension

A method typically used in graphics programming to specify the dimensions (width and height) of an object.

Class Box

A custom data structure or object defined in programming that can encapsulate variables and methods.