What is goodwill? How does it arise?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (19 reviews)
In accounting goodwill is the amount a purchaser of an entity pays for an entity over ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
How does goodwill arise and come to be reported on a balance sheet? How is the amount calculated? What does goodwill represent?
-
What is goodwill ? How does it arise? How much goodwill did TELUS report on December 31, 2011? How does TELUS amortize its goodwill ? How much new goodwill did TELUS add in 2011? Is it possible that...
-
How does the duty of confidentiality arise and what protection or remedies are available to the confider?
-
9. Write a program to solve function given below, with the x and y value proposed by the user. And, based on the result, show "imaginary result" response for the case of the result of the function is...
-
With a zero-coupon bond, the buyer receives only the face value of the bond at maturitythe bond pays no coupons. Suppose that for a price of $675, you buy a 10-year, zero-coupon with a $1,000 face...
-
The mayor of your city has been talking about the need for a tax hike. The city's newspaper uses letters sent to the editor to judge public opinion about this possible hike, reporting on their...
-
A research project examining the impact of income on the consumption of gourmet foods was conducted. Each variable was classified into three levels of high, medium, and low. The following results...
-
Part One: In 2015, Fran Lexa opened Fran's Flowers, a small shop selling floral arrangements. On December 31, 2016, her accounting records show the following: Sales revenue...
-
The following account balances at the beginning of January were selected from the general ledger of Superior Juice Manufacturing Company: Work in process inventory Raw materials inventory Finished...
-
You are a CPA, CA, and work for a large public accounting firm with many offices across the country. As part of your new job as a senior manager in the national office, you have been assigned to do a...
-
Describe the types of capital assets you would expect each of the following entities to have: a. Gas station b. University c. Convenience store d. Hotel e. Dairy farm f. Electric utility g. Golf...
-
Why are capital assets depreciated?
-
Start each of the four parts of this problem by listing the function, the objective and the constraints. You will need the equations for the deflection of a cantilever beam with a square...
-
ABC Company has the following mutually exclusive projects. If the company's payback period is 2 years, which of these projects should be chosen? Project A Year 0 -19,500 1 11,500 2 8,750 3 2,500...
-
What is the value today of a money machine that will pay $1,192.00 every six months for 30.00 years? Assume the first payment is made six months from today and the interest rate is 9.00%. Submit...
-
A team from the marketing department has been assembled to determine the best way to introduce a new product to the market. This team is considered to be a ________ . a. committee b. cross-...
-
I ' m making a drawing app via p 5 . js with undo redo functionality. The functions work when using keyboard input & the undo works when i click the button however redo does not redo when i click it...
-
Questions 3 - 4 (Part A) uses the following data: Unique Limited has three sales divisions, High Value, Best Value, and Cut-Price Value. The Year 1 financial performance for the Best Value division...
-
Flint Company uses 9,000 units of part AK-4 each year. To gain better control over its inventory, the company is anxious to determine the economic order quantity (EOQ) for this part. Required 1. The...
-
The figure shows a bolted lap joint that uses SAE grade 8 bolts. The members are made of cold-drawn AISI 1040 steel. Find the safe tensile shear load F that can be applied to this connection if the...
-
(a) An object is placed on a spring scale in an elevator moving upward at a constant speed. Is the reading of the scale greater than, smaller than, or the same as the reading obtained in a stationary...
-
Pain-Free Dental Group, Inc., purchased dental supplies of $15,500 during the year. At the end of the year, a physical count of supplies showed $2,300 of supplies on hand. Required: 1. Prepare the...
-
LaGarde Company has a machine that it purchased for $125,000 on January 1. Annual depreciation on the machine is estimated to be $11,400. Required: 1. Prepare the adjusting entry needed at the end of...
-
When adjusting entries were made at the end of the year, the accountant for Parker Company did not make the following adjustments. a. $2,900 of wages had been earned but were unpaid b. $3,750 of...
-
All scheduled presentations and events will take place in the Main Conference Room, 1st Floor. Time February 25 Registration Guide to the Job Fair Rsum Writing Lunch (refreshments served) The...
-
You have work experience in the human resource management field. You want to further understand what factors make a project successful. You are particularly interested in employee selection and...
-
How many defects must a unit have in order to be defined as a defective unit?
Study smarter with the SolutionInn App