The specific meaning of goodwill in accounting is:
A)The amount by which a company's value exceeds the value of its individual assets and liabilities.
B)Long term assets held as investment.
C)The support of the board of directors for the operating decisions of management.
D)The cost of developing,maintaining,or enhancing the value of a trademark.
E)Rights granted an entity to deliver a product or service under specified conditions.

Question

Quizplus · Accepted Answer

Goodwill in accounting refers to the excess value of a company over its net identifiable assets and liabilities, often arising during acquisitions.

The Specific Meaning of Goodwill in Accounting Is