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7. In business acquisitions, goodwill exists in which of the following circumstances? a. Price paid exceeds book value. b. Fair value exceeds book value.

7. In business acquisitions, goodwill exists in which of the following circumstances? a. Price paid exceeds book value. b. Fair value exceeds book value. Price paid exceeds fair value. d. Current value is below book value. None of the above. e.

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