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Brynlee Paid $500,000 for a Company, $100,000 in Excess of the Book

Question 21

Multiple Choice

Brynlee paid $500,000 for a company, $100,000 in excess of the book value.Brynlee has ______.

A) $100,000 of expenses
B) paid $100,000 too much for this company
C) goodwill of $100,000
D) badwill of $100,000

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