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Choose the option to correctly complete the following sentence. If the purchase price is _________ the __________ value of the net assets acquired, the excess

Choose the option to correctly complete the following sentence. If the purchase price is _________ the __________ value of the net assets acquired, the excess purchase price is recorded as _________ called Goodwill.

a. greater than; book; an asset

b. greater than; market; an asset

c. less than; book; a liability

d. less than; market; a liability

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