Question

define Goodwill......... should it be considered as an asset and State the reason why it is controversial in a business today​

Answer 1

Answer:established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.

Explanation:if Company A buys Company B for more than the fair value of Company B's assets and debts, the amount left over is listed on Company A's balance sheet as goodwill.