Question

Is goodwill current asset?

Answer 1

Answer: Goodwill is recorded as an intangible asset on the acquiring company's balance sheet under the long-term assets account. Goodwill is considered an intangible (or non-current) asset because it is not a physical asset like buildings or equipment

Step-by-step explanation:

Answer 2

Goodwill is recorded as an intangible asset on the acquiring company's balance sheet under the long-term assets account. ... 1 Goodwill is considered an intangible (or non-current) asset because it is not a physical asset like buildings or equipment.