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In recording the acquisition cost of an entire business O goodwill is recorded as the excess of cost over the book value of identifiable net
In recording the acquisition cost of an entire business O goodwill is recorded as the excess of cost over the book value of identifiable net assets. O goodwill, if it exists, is never recorded. O goodwill is recorded as the excess of cost over the fair value of identifiable net assets. O assets are recorded at the seller's book values
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