Define goodwill . When is it appropriate to record goodwill as an intangible asset?
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Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...
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Goodwill represents an intangible asset that exists because ...View the full answer
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