hap 1 to 11 Saved Help Save & Exit Submit Goodwill is an asset that arises because the present value of an acquired company's estimated future earnings, discounted at the acquiring firm's ROE Multiple Choice ( ) is less than the fair value of the net assets of the acquiring company e is more than the fair value of the net assets of the acquiring company o ) is less than the fair value of the net assets of the acquired company is more than the fair value of the net assets of the acquired company o o s