Following an acquisition, the acquiring firm's balance sheet shows an asset labeled "goodwill." What form of merger accounting is being used?

Following an acquisition, the acquiring firm's balance sheet shows an

1.	Following an acquisition, the acquiring firm's balance sheet shows an asset labeled "goodwill." What form of merger accounting is being used?
A.	Consolidation
B.	Aggregation
C.	Purchase
D.	None of the above
Answer» D. None of the above

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Following an acquisition, the acquiring firm's balance sheet shows an asset labeled "goodwill." What form of merger accounting is being used?

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