Identifiable Assets and Liabilities

Acquired Goodwill
Acquired Goodwill refers to the goodwill purchased when an entity is acquired, distinguishing it from internally generated goodwill. It arises when the purchase cost exceeds the fair values of the identifiable assets and liabilities.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.