Question

When the implied value exceeds the aggregate fair values of identifiable net assets, the residual difference is accounted for as:a. excess of implied over fair value.b. a deferred credit.c. difference between implied and fair value.d. goodwill.

Answer 1

goodwill

Step-by-step explanation:

Goodwill is when the purchase price of a company is greater than the fair market value of the company's identifiable assets and liabilities.