goodwill
A payment made that is someone or a company is not obliged or legally required to do so. It is usually done to retain the business of a specific customer.
Goodwill is recorded in the accounting records when a company purchases another company for a price exceeding the fair value of its identifiable net assets. The journal entry to record goodwill involves debiting the Goodwill account and crediting the corresponding payment accounts like Cash or Accounts Payable. Each year, companies must perform impairment tests on goodwill and adjust the carrying value if necessary through a journal entry that debits the Goodwill Impairment Loss and credits the Goodwill account.
It's called minimum payment for a reason.. and that reason is that you don't have to pay you're full balance.. but you have to pay the minimum payment. NOTHING LESS
It means to make a partial of full payment without specifying an specific reason or invoice for the payment.
No; goodwill can not be depreciated because goodwill is not considered to have a useful life.
lower your monthly payment.
speech to secure goodwill
the name of the firm is goodwill
The Goodwill was created in 2001.
Oliver Goodwill's birth name is Oliver James Goodwill.
You cannot sell goodwill, at least in accounting. Goodwill is the amount that you overpaid. You can sell an asset at a high price but you cannot sell directly the goodwill.