As It Applies to an Acquisition,the Term Goodwill Is Defined

Multiple Choice

As it applies to an acquisition,the term goodwill is defined as the difference at the time of acquisition between the:

A) purchase price and the book value of a target firm.
B) purchase price and the estimated fair market value of the net assets acquired.
C) fair market value of the net assets acquired and the target firm's equity.
D) market value and the book value of a target firm.
E) market value and book value of the target firm's total assets.