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syzsg004 · 2022年09月10日

为什么商誉高可以通过收购获取高增长

NO.PZ2019120301000074

问题如下:

Question


Which company is most likely to have grown through acquisitions?

选项:

A.Company X B.Company Y C.Company Z

解释:

Solution

C is correct. Company Z has the highest percentage of assets in goodwill at 28.8%, with the other companies having much smaller percentages (1.6% for Company X and 2.2% for Company Y). Because goodwill is an asset recognized by acquirers purchasing companies at prices above the fair value of their identifiable assets and liabilities, it is most likely, given the great disparity in goodwill, that of these firms, Company Z has grown through acquisitions.

A is incorrect because Company X has 1.6% of its total assets allocated to goodwill, which is substantially less than the percentage for Company Z.

B is incorrect because Company Y has 2.2% of its total assets allocated to goodwill, which is substantially less than the percentage for Company Z.

如上,其中的逻辑不是很理解,是指收购方还是被收购方

1 个答案

Kiko_品职助教 · 2022年09月12日

嗨,爱思考的PZer你好:


指的是被收购方。就是company Z。因为商誉是收购者以高于其可辨认资产和负债公允价值的价格收购来的,Z的商誉占比最高,说明acquirer或者市场对Z公司是看好的,这是利好消息,会刺激Z公司股价上涨。

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