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What Is Goodwill?
What Is Goodwill?
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Solution
Goodwill is an intangible asset that results in enhancing the valuation of the business. It causes the purchase price of the company to go up. Goodwill can be determined by subtracting the net fair market value of the assets and liabilities from the purchase price of the company.
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Goodwill is an intangible asset that results in enhancing the valuation of the business. It causes the purchase price of the company to go up. Goodwill can be determined by subtracting the net fair market value of the assets and liabilities from the purchase price of the company.
Also read:
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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