Question

What is goodwill in easy language?

Answer 1

Goodwill is an ethereal asset, which is bought during the acquisition of one company. It is the piece of the price tag that is higher than the market value. A business’s entire assets and liabilities are acquired.

Also see:

• MCQs on Goodwill
• Methods of Valuation of Goodwill
• Treatment of Goodwill

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