Question: Distinguish among the following concepts: (a) Difference between book value and the value implied by the purchase price. (b) Excess of implied value over fair

Distinguish among the following concepts:
(a) Difference between book value and the value implied by the purchase price.
(b) Excess of implied value over fair value.
(c) Excess of fair value over implied value.
(d) Excess of book value over fair value.

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