Question: When the implied value exceeds the aggregate fair values of identifiable net assets, the residual difference is accounted for as: a) excess of implied over

When the implied value exceeds the aggregate fair values of identifiable net assets, the residual difference is accounted for as:

a) excess of implied over fair value.

b) a deferred credit.

c) difference between implied and fair value.

d) goodwill.

Explain

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