accounting or finance people, what is goodwill??

[z0mb13]

Thanks, see topic pliz

 

[Hammer]

the difference between the purchase price and the fair market value of an acquired company's assets

 

[CptObvious]

Hmm, I only took 1 course in legal accounting, but I remember something about intangible assets like reputation and customer base

 

[Mill]

[Sarcasm]It is the store where you go to get cheap, used sh!t.[/Sarcasm]

 

[maziwanka]

Originally posted by: Hammer
the difference between the purchase price and the fair market value of an acquired company's assets

that sounds right, but im guessing CPA will also be able to help

 

[darkshadow1]

the purchase price is generally the fair market value of the acquired company's assets

goodwill is the difference between the acquired company's book value and the purchase price

 

[z0mb13]

thanks all