Sunshine Biopharma Inc (SBFM): Goodwill is an accounting term. When so...

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Pennyboy20

Re: Learjetter post# 37604

Thursday, 05/24/2018 9:51:12 AM

Thursday, May 24, 2018 9:51:12 AM

Goodwill is an accounting term. When someone buys a company for more than the value, the amount over is called goodwill.

So if you buy the company for 500K and the assets are worth 400K, then the 100K difference is called goodwill.

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