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Definition of Goodwill
Excess of the purchase price over the fair market value of the net assets acquired under purchase
Intangible assets of a firm established by the excess of the price paid for the going concern over the value of its assets.
The excess of the price paid to buy another company over the book value of
A term used to describe a situation in which a business combination
A legal claim to some future benefit, typically a claim to future cash. goodwill, intellectual
Method of accounting for a merger in which the acquirer is treated as having purchased
Non-physical assets, e.g. customer goodwill or intellectual property (patents and trademarks).
The write-off of an asset over the period when the asset is used. This term
A nonphysical asset with a life greater than one year. Examples are
An accounting method used to combine the financial statements of
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