Purchased goodwill represents
A.	excess of price paid over fair market value of net assets obtained in a combination.
B.	excess of price paid over the book value of the net assets obtained in a combination.
C.	the difference in the aggregate amount of the market prices of the stock of the combining companies.
D.	a tangible asset.
Answer:A
Purchased goodwill represents
A.	excess of price paid over fair market value of net assets obtained in a combination. B.	excess of price paid over the book value of the net assets obtained in a combination. C.	the difference in the aggregate amount of the market prices of the stock of the combining companies. D.	a tangible asset.