The excess of net assets acquired over purchase consideration is by Sunday | Apr 6 | Accounting WAEC | 0 comments A. capital reserve B. goodwill. C. purchase price D. discount Correct Answer: Option A – capital reserve Users Also Read These:In the purchase of a business, a buyer has paid more…The net profit is the excess of gross profit and…The excess value of the assets of a business over…An excess of the value of the assets over the…When a business is purchased from a sole trader, the…