In the purchase of a business, a buyer has paid more than the value of the net assets of the business. The excess payment is referred to as
A Bonus
B Goodwill
C Net profit
D Premium
Answer is B
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In the purchase of a business, a buyer has paid more than the value of the net assets of the business. The excess payment is referred to as
A Bonus
B Goodwill
C Net profit
D Premium
Answer is B
