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what is goodwill?

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what is goodwill?..

Answer / vinay

Good will is the intangible asset of the company, it is
earned in the name and fame of the organisation. It can
valued only through amount while transferring the asset,
liquidation of the company.

Is This Answer Correct ?    15 Yes 0 No

what is goodwill?..

Answer / rajamouli palakurthi

The value of reputation of the business/person by name or
fame is called goodwill

Is This Answer Correct ?    1 Yes 0 No

what is goodwill?..

Answer / jay jain

Goodwill in accounting is an intangible asset that arises when one company acquires another, but pays more than the fair market value of the net assets (total assets - total liabilities). 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. It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched. However, according to International Financial Reporting Standards (IFRS), goodwill is never amortized. Instead, management is responsible for valuing goodwill every year and to determine if an impairment is required. If the fair market value goes below historical cost (what goodwill was purchased for), an impairment must be recorded to bring it down to its fair market value. However, an increase in the fair market value would not be accounted for in the financial statements.

Is This Answer Correct ?    0 Yes 0 No

what is goodwill?..

Answer / ammu

goodwill is a good name which a company or a particular
firm earn .This may be in terms of money or the company or
a firm in good position.It is a merit of a particular
organisation or a firm , company.

Is This Answer Correct ?    0 Yes 1 No

what is goodwill?..

Answer / digamber

goodwill is the repution of any business.it attract more
more cretitors customers. we can esly get the loan from any
intitution such as bank, money lenders.

Is This Answer Correct ?    0 Yes 1 No

what is goodwill?..

Answer / m.raja

Goodwill is a asset of the firm. it can not be sale.it
makes the quality of the particular company products.

Is This Answer Correct ?    0 Yes 1 No

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