Goodwill has been defined as the value of all favorable attributes that relate to a business enterprise.

Question:

has been defined as the value of all favorable attributes that relate to a business enterprise. What types of attributes could result in goodwill?

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...