RE: what is goodwill?
Please ans my question.
In accounting, goodwill is an intangible assets associated with a business combination. Goodwill is recorded when a company acquires (purchases) another company and the purchase price is greater than the combination or net of 1) the fair value of the identifiable tangible and intangible assets acquired, and 2) the liabilities that were assumed.
Goodwill is reported on the balance sheet as a noncurrent asset
