In allocating the difference between implied and book values, if the difference is more than needed to adjust all net assets to market values, then the excess is goodwill

The two most widely used methods for determining the cost of inventory are

A) FIFO and LIFO B) FIFO and average C) LIFO and average D) gross profit and average

A(n) ____________________ sale occurs when a merchant sells all or a major part of the business assets

Fill in the blank(s) with correct word