Question

what is goodwill???
explain​

Answer 1

Explanation:

Goodwill is an intangible asset that is associated with the purchase of one company by another. ... The value of a company's brand name, solid customer base, good customer relations, good employee relations, and proprietary technology represent some reasons why goodwill exists....

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Answer 2

Goodwill is an intangible asset that accounts for the excess purchase price of another company. ... Goodwill is calculated by taking the purchase price of a company and subtracting the difference between the fair market value of the assets and liabilities.