Which of the following is NOT true about goodwill? O It is an intangible asset. O It represents the value of all unrecorded assets acquired in a merger. It equals the premium paid over the fair market value of the assets acquired in a merger. O When goodwill appears on a firm's balance sheet, it reduces the firm's net worth by that amount.

Which of the following is NOT true about goodwill? It is an intangible asset It represents the value of all unrecorded assets acquired in a merger. It equals the premium paid over the fair market value of the assets acquired in a merger. When goodwill appears on a firm's balance sheet, it reduces the firm's net worth by that amount