Goodwill is the term used to describe the difference between the purchase price of a company and the net value of the tangible assets.

Question

Quizplus · Accepted Answer

Goodwill represents the excess of the purchase price of a company over the fair market value of its identifiable tangible and intangible assets less liabilities. It reflects non-physical assets, such as brand reputation, customer relationships, and intellectual property.

Goodwill Is the Term Used to Describe the Difference Between