Goodwill It is an intangible asset which is calculated when one company acquires another company by paying an amount which is higher than the fair value of net assets. It occurs due to brand name of the company, good customer base, good relations with customers, good relations with employees, etc. To choose: The correct option out of four given options.

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Chapter 1, Problem 1.3.3E

To determine

Goodwill

It is an intangible asset which is calculated when one company acquires another company by paying an amount which is higher than the fair value of net assets. It occurs due to brand name of the company, good customer base, good relations with customers, good relations with employees, etc.

To choose:The correct option out of four given options.

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