Search results
- Dictionarygoodwill/ˌɡʊdˈwɪl/
noun
- 1. friendly, helpful, or cooperative feelings or attitude: "the scheme is dependent on goodwill between the two sides"
- 2. the established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.
Powered by Oxford Dictionaries
Goodwill is an intangible asset associated with the purchase of one company by another. Specifically, goodwill is recorded in a situation in which the purchase price is higher than the sum of the fair value of all visible solid assets and intangible assets purchased in the acquisition and the liabilities assumed in the process.
Jun 28, 2024 · Goodwill is an intangible asset that accounts for the excess purchase price of another company. Goodwill includes proprietary or intellectual property, brand recognition, and other...
Aug 21, 2024 · The term goodwill refers to the good name of faith and trust of customers that an organization gains after given outstanding level of products and services consistently, resulting in an increase in the valuation of the business. This is an intangible asset.
GOODWILL definition: 1. friendly and helpful feelings: 2. part of a company's value that includes things that cannot be…. Learn more.
What is Goodwill? In accounting, goodwill is an intangible asset. The concept of goodwill comes into play when a company looking to acquire another company is willing to pay a price premium over the fair market value of the company’s net assets.
Apr 24, 2023 · Goodwill is the future benefit that accrues to a firm as a result of its ability to earn an excess rate of return on its recorded net assets. Goodwill: Explanation. Goodwill is reported in financial statements only if its valuation can be supported by a transaction involving the purchase of a firm.
Goodwill is an intangible asset that arises when a company acquires another business for a price higher than the fair value of its identifiable net assets. Goodwill represents non-physical assets such as brand reputation, customer relationships, intellectual property, and employee skills.
noun. good· will ˌgu̇d-ˈwil. Synonyms of goodwill. 1. a. : a kindly feeling of approval and support : benevolent interest or concern. people of goodwill. b (1) : the favor or advantage that a business has acquired especially through its brands and its good reputation. (2)
In accounting, goodwill is an intangible asset recognized when a firm is purchased as a going concern. It reflects the premium that the buyer pays in addition to the net value of its other assets.
Sep 8, 2024 · Definition of Goodwill. Goodwill is an intangible asset that arises when a company acquires another company for a price higher than the fair value of its net identifiable assets at the time of acquisition.
