Lender Question: Can a Borrower 'Book' Goodwill? from definition of tangible and intangible assets Watch Video
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Description: Mark’s Question:nnOn the balance sheet of a Media Production Company, total assets are reported at $4,048,395 and consist primarily of goodwill of $3,312,324. When asked, the management team of the company stated “goodwill was established at the time when investor dollars were sought to enhance the company”. This company has one 60% ‘partner’ and 51 other partners. Can they just ‘book’ goodwill?nnMy Answer:nnIt sounds similar to real estate development companies where there is the
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