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When the purchase consideration exceeds the value of business, the difference is

When the purchase consideration exceeds the value of business, the difference is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Profit
  • B Discount
  • C Goodwill
  • D Reserve
Correct Answer: Option C
Explanation:
Goodwill is an intangible asset associated with the purchase of one company by another. It is a company's value that exceeds its assets minus its liabilities.

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