How does goodwill arise and come to be reported on a balance sheet? How is the amount

Question:

How does arise and come to be reported on a balance sheet? How is the amount calculated? What does represent?

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...