Accountancy, asked by vedantg74, 5 months ago

cost of goodwill purchased

Answers

Answered by kaifahmad1497

Explanation:

Goodwill is an intangible asset that is associated with the purchase of one company by another. Specifically, goodwill is the portion of the purchase price that is higher than the sum of the net fair value of all of the assets purchased in the acquisition and the liabilities assumed in the process

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