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    Business Essentials Study Set 3
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    Exam 11: Understanding Accounting
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    What Is the Accounting Term That Describes an Amount Paid
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What Is the Accounting Term That Describes an Amount Paid

Question 19

Question 19

Multiple Choice

What is the accounting term that describes an amount paid for an existing business above the value of its other assets?


A) A patent
B) A copyright
C) Goodwill
D) A franchise fee
E) Reputation

Correct Answer:

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