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Is Goodwill a Current Asset? Accounting Basics Explained
5 min readGoodwill is classified as an intangible asset on a company’s balance sheet. It represents the excess purchase price paid by an acquiring company over the fair market value of net identifiable assets of the acquired company. Goodwill is often attributed to intangible factors like brand reputation, customer relationships, and intellectual property. It is […]Continue reading "Is Goodwill a Current Asset? Accounting Basics Explained"