Search results
We did not find results for: define goodwill accounting.
Check spelling or type a new query.
We did not find results for: define goodwill accounting.
Check spelling or type a new query.
Accounting term for the intangible asset recognized when a firm is purchased as a going concern
In accounting, goodwill is an intangible asset recognized when a firm is purchased as a going concern. It reflects the premium that the buyer pays in addition to the net value of its other assets. Goodwill is often understood to represent the firm's intrinsic ability to acquire and retain customer business, where that ability is not otherwise attributable to brand name recognition, contractual arr... Wikipedia