samwelotieno samwelotieno

03-12-2019
Business

contestada

define Goodwill......... should it be considered as an asset and State the reason why it is controversial in a business today

Respuesta :

gerald4764 gerald4764

03-12-2019

Answer:established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.

Explanation:if Company A buys Company B for more than the fair value of Company B's assets and debts, the amount left over is listed on Company A's balance sheet as goodwill.

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