Economy, asked by tejaswinia66, 4 months ago

good will of a firm is it wealth

Answers

Answered by sunnykrpatel54021

0

Answer:

Goodwill is actually the excess price a firm can get during the sale of the business, over and above the identifiable net assets of the firm. So if the fair market price is more than the net assets (assets minus liabilities) during the sale of the firm, then this difference is the goodwill of the firm.

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