The Answer is C. The excess of the fair value of a business over the fair value of all net identifiable assets.
Define Goodwill?
Goodwill is an intangible asset recognized that can relate to the value of the purchased company's brand reputation, employee relationships, customer service, and intellectual property, when ownership of a firm is transferred as a concern.
The portion of the purchase price that is higher than the sum of the net fair value of all of the assets purchased in the acquisition and the liabilities assumed during the process.
To know more about Goodwill : https://brainly.com/question/22428604
#SPJ4
