Goodwill would be reported on the balance sheet as a(n):

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Goodwill is an intangible asset that arises when one company acquires another company for a price that exceeds the fair market value of the net assets acquired. It represents the value of the acquired company's reputation, customer base, and other intangible factors that cannot be easily quantified. As an intangible asset, goodwill is reported on the balance sheet and subject to impairment testing.

Goodwill Would Be Reported on the Balance Sheet as A(n)