Accountancy, asked by ravan35, 8 months ago

Define Goodwill....

Answers

Answered by sssrohit005p4c0ey

Answer:

Answer: Goodwill is an intangible asset which places an enterprise at an advantageous position due to which an enterprise is able to earn higher profits without putting extra effort.

Answered by SauravISR

Answer:

Goodwill arises when a company acquires another entire business. The amount of goodwill is the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in the purchase.

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