Concept:When a buyer purchases a business and pays more than the value of its net assets, the excess is called goodwill.
Explanation:Goodwill represents the extra amount paid over the net assets of the business.
Net assets mean the total assets minus liabilities.
This extra payment arises due to the business's reputation, good customer base, or earning capacity.
It is an intangible asset because it has no physical existence but adds value to the business.
Therefore, the excess payment is not a bonus, net profit, or premium, but goodwill.
Answer:B. Goodwill