Question

what is local goodwill?

Answer 1

The account for goodwill is located in the assets section of a company’s balance sheet. It is an intangible asset, as opposed to physical assets like buildings and equipment. Goodwill is an accounting construct that is required under Generally Accepted Accounting Principles (GAAP). The concept can be best illustrated with an example:

Goodwill Accounting Definition • The Strategic CFO

Goodwill Accounting Definition Goodwill is an intangible asset . It represents non-physical assets , such as brand name and reputation, and shows up on the asset side of a company’s balance sheet .

Goodwill - Full Explanation & Example | Investing Answer

The account for goodwill is located in the assets section of a company’s balance sheet. It is an intangible asset , as opposed to physical assets like buildings and equipment. Goodwill is an accounting construct that is required under Generally Accepted Accounting Principles (GAAP)