Define Goodwill......... should it be considered as an asset and State the reason why it is controversial in a business today

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asked Mar 20, 2020 232k views

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John Harrington · Answer 1 · 2020-03-24T22:37:28+0000

Answer:established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.

Explanation:if Company A buys Company B for more than the fair value of Company B's assets and debts, the amount left over is listed on Company A's balance sheet as goodwill.

Define Goodwill......... should it be considered as an asset and State the reason why it is controversial in a business today

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Define Goodwill......... should it be considered as an asset and State the reason why it is controversial in a business today