Accountancy, asked by ashwinjohn3591, 1 month ago

Why goodwill is considered as important factor for business discuss its importance

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Answered by shrutisharma07
0

Answer:

It is important not to underestimate the value of goodwill as it relates to both the long-term and short-term success of any given business. ... The goodwill amounts to the excess of the “purchase consideration” (the money paid to purchase the asset or business) over the total value of the assets and liabilities.

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