If a firm has goodwill on its balance sheet, what, if anything, does this imply about the

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If a firm has goodwill on its balance sheet, what, if anything, does this imply about the firm's previous acquisition activities?

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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