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intangible asset
goodwill
That is correct. Goodwill as an asset appears on the balance sheet of a consolidated company to represent any premium that the acquiring company paid for a subsidiary company that is in excess of the fair value of the company's net assets. Therefore, Goodwill would only show up on the consolidated balance sheet, as the subsidiary's net assets are not reflected on the acquiring company's balance sheet until the consolidation process.
goodwill
Comparative balance sheet is that balance sheet in which comparison for more than one period is done to find out the performance of company.
intangible asset
Goodwill is an intangible asset and that amount or value which business earns due to it good working and part of other assets.
Internally generated goodwill is never capitalized, purchased goodwill is capatalized on the consoilidated balance sheet.
goodwill
That is correct. Goodwill as an asset appears on the balance sheet of a consolidated company to represent any premium that the acquiring company paid for a subsidiary company that is in excess of the fair value of the company's net assets. Therefore, Goodwill would only show up on the consolidated balance sheet, as the subsidiary's net assets are not reflected on the acquiring company's balance sheet until the consolidation process.
goodwill
Balance Sheet- Noon Current Asset- intangable Asset
Intangible assets are items such as Copyrights, patents, goodwill, trademarks, etc. These would be classified as Intangible Assets on a company's balance sheet.
the question is not very clear but here is a simple reply libility and capital side total - asset side total = goodwill
All assets whether tangible or intangible are reported on balance sheet as current assets or long term or fixed assets like goodwill, patent etc.
Comparative balance sheet is that balance sheet in which comparison for more than one period is done to find out the performance of company.
If your double-entry records are correct, a balance sheet will always balance (by definition).ASSETS = LIABILITIES + EQUITYIf it does not balance, check all your entries, since the last balance sheet that did balance. You will find one or more errors to correct. Find and correct all of the errors until the balance sheet balances.