Goodwill
None
Definition
Goodwill is an intangible asset that represents the value of a business beyond its tangible assets and liabilities. It arises when one company acquires another for a price higher than the fair market value of its net identifiable assets. It also represents elements like excellence of management, customer loyalty, brand recognition, favorable location, or quality of employees and overall business going concern value that are not separately identifiable but contribute to generating future economic benefits.
Class Relationships
Parent(s)
Children 0
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Translations
Class Hierarchy Visualization
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Additional Information
Metadata
Comment
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Description
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Notes
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Editorial Information
History Note
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Editorial Note
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Identifier
N/A
Deprecated
No
Source and Origin
No source or origin information available