Accountancy, asked by Alekya2301, 1 year ago

Say you just bought a company from a friend. if you bought the company's assets for $70,000, and the total value of the assets was actually $50,000, what would the goodwill be reported as on the balance sheet?

Answers

Answered by sujiritha95

0

goodwill = 20000$ (70000$-50000$)

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