Single Problem

Get Single Problem Homework Help from Experts

Ask an Expert,
Get an Answer ASAP!

This answer was rated:

I’m looking at buying a business. Included in the banks

questions where I am trying...
I’m looking at buying a business. Included in the banks questions where I am trying to get the loan is a question about goodwill. What is Goodwill? And how do I compute it?
Show More
Show Less
Ask Your Own Single Problem Question
Answered in 7 minutes by:
3/7/2018
Barbara
Barbara, Enrolled Agent
Category: Single Problem
Satisfied Customers: 6,391
Experience: Tax Preparer for 20+ years; 30+ years experience as a real estate/corporate paralegal
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

Goodwill is an intangible (non-physical) asset a business records on its balance sheet when it buys another company. It cannot be specifically identified, but it adds value to the business.

Goodwill = (Consideration paid + Fair Value of noncontrolling interest) – (Assets acquired – Liabilities assumed)

The following links contain excellent information which you will find helpful:

http://smallbusiness.chron.com/goodwill-calculation-business-68189.html

https://www.accountingtools.com/articles/how-to-calculate-goodwill.html

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Barbara
Barbara, Enrolled Agent
Category: Single Problem
Satisfied Customers: 6,391
Experience: Tax Preparer for 20+ years; 30+ years experience as a real estate/corporate paralegal
Verified
Barbara and 87 other Single Problem Specialists are ready to help you
Ask your own question now

Thank you for the positive rating of my answer. It is very much appreciated.

Have a great day!

Ask Your Own Single Problem Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a business tutorLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Barbara Your Own Question
Barbara
Barbara
Barbara, Enrolled Agent
Category: Single Problem
Satisfied Customers: 6,391
6,391 Satisfied Customers
Experience: Tax Preparer for 20+ years; 30+ years experience as a real estate/corporate paralegal

Barbara is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

DianeDallas, TX

< Previous | Next >

Meet the Experts:

linda_us

linda_us

Master's Degree

787 satisfied customers

A tutor for Business, Finance, Accounts and other related topics.

Manal Elkhoshkhany

Manal Elkhoshkhany

Bachelor's Degree

525 satisfied customers

Finished my BA degree with a GPA of 4.0.

F. Naz

F. Naz

B.Com

335 satisfied customers

Have completed B.Com and CA Finalist

Mr. Gregory White

Mr. Gregory White

Master's Degree

279 satisfied customers

M.A., M.S. Education / Educational Administration

Bizhelp

Bizhelp

CPA

265 satisfied customers

BA degree and Certified Public Accountant

Dave CPA

Dave CPA

Accountant

98 satisfied customers

Sound knowledge base in accounting and finance.

MyVirtualCPA

MyVirtualCPA

Master's Degree

96 satisfied customers

Master's Degree in Accounting with excellent math and reasoning skills

< Previous | Next >

Related Single Problem Questions
I live in Los Angeles County. 90250. Not sure this can be
I live in Los Angeles County. 90250. Not sure this can be answered necessarily at the municipal level, so more so looking for general information so I know what questions to ask and how to set things … read more
Jillian Schleiden
Jillian Schleiden
Master of the Art of Teaching
4 satisfied customers
Changes in Monetary Policy Assume that the Bank of Ecoville
Changes in Monetary Policy Assume that the Bank of Ecoville has the following balance sheet and the Fed has a 10% reserve requirement in place:Balance Sheet for Ecoville International Bank ASSETS LIAB… read more
GLENN GILONGOS
GLENN GILONGOS
Master of Mathematics
418 satisfied customers
What is the purpose of a company discounting services? So,
What is the purpose of a company discounting services? So, for example, if a law firm tells me that they are going to charge me $100 but I get a bill and it reads that the normal charge was $450 but t… read more
Steve
Steve
Master\u0027s Degree
996 satisfied customers
I need an accountant. My task is to identify and evaluate
I need an accountant. My task is to identify and evaluate sources of debt financing as part of a project. This involves a hypothetical acquisition by Dunkin Donuts of Starbucks for $6 Billion. So far,… read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
335 satisfied customers
I am from Wisconsin. My question, as a single woman,
I am from Wisconsin. My question, as a single woman, minority, looking for financing to start my own business what type of commercial loan opportunities do I have in seeking finance and what is the ty… read more
Dr. Donna Kakonge
Dr. Donna Kakonge
Doctor of Education
201 satisfied customers
hi I'm having bait of trouble with this question i need it
hi I'm having bait of trouble with this question i need it in journal entry form please the following transaction were completed during the year ending 30 june 2014 in 1 january 2014 john paid $30,100… read more
MyVirtualCPA
MyVirtualCPA
Master's Degree
Master's Degree
96 satisfied customers
For Finley Only: Business & Finance QuestionFor the problem
For Finley Only: Business & Finance Question For the problem below, where does the column "PMT" come from? XYZ Trucking Company is evaluating a potential lease agreement on a truck that costs $40,000 … read more
Finley
Finley
Master's Degree
57 satisfied customers
1. a. Inflation is expected to average four percent for the
1. a. Inflation is expected to average four percent for the long term and Mr. Smith earned $50,000 this year. How much must he earn in 20 years just to keep up with inflation and maintain the balance … read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
335 satisfied customers
Cash Budgeting Dorothy Koehl recently leased space in the
Cash Budgeting Dorothy Koehl recently leased space in the Southside Mall and opened a new business, Koehl's Doll Shop. Business has been good, but Koehl has frequently run out of cash. This has necess… read more
Mr. Gregory White
Mr. Gregory White
Master's Degree
Master's Degree
279 satisfied customers
A $50,000 one year loan with a 1% origination fee and a 7%
A $50,000 one year loan with a 1% origination fee and a 7% interest rate is funded with money on which the bank owes 3%. What is the expected pretax dollar spread on the loan? If the bank needs to net… read more
Dave CPA
Dave CPA
Accountant
Master's Degree
98 satisfied customers
Dakota Trucking Company (DTC) is evaluating a potential lease
Dakota Trucking Company (DTC) is evaluating a potential lease for a truck with a 4-year life that costs $40,000 and falls into the MACRS 3-year class. If the firm borrows and buys the truck, the loan … read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
525 satisfied customers
I have $10,000 in an account earning 5% interest, and wanted
I have $10,000 in an account earning 5% interest, and wanted to use it to buy a car. The dealers have talked me into taking out 1% finance over 7 years to buy the car, and my insurance will rise by $6… read more
Mr. Gregory White
Mr. Gregory White
Master's Degree
Master's Degree
279 satisfied customers
He paid alimony of $13,200 to his ex-wife Had a Sch C
He paid alimony of $13,200 to his ex-wife Had a Sch C Contracting Business that he ran out of his home. Income and expenses were as follows: Contracting Income $93,460 SubContractor Exp $36,220 Suppli… read more
Dave CPA
Dave CPA
Accountant
Master's Degree
98 satisfied customers
What Is The Current Macroeconomic Situation In The U.S.
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies woul… read more
MyVirtualCPA
MyVirtualCPA
Master's Degree
Master's Degree
96 satisfied customers
When looking at the money supply, you will find that this is
When looking at the money supply, you will find that this is controlled by the Fed. When looking at the Fed, you will find that there are many factors that will change the supply of money. What would … read more
Steve
Steve
Master\u0027s Degree
996 satisfied customers
The net income of Reliable Provision company decreased sharply
The net income of Reliable Provision company decreased sharply during 2007. Clay Rollins, owner of the store, anticipates the need for a bank loan in 2008. Late in 2007, he instructed the accountant t… read more
ProMBA
ProMBA
Founder & CEO
Master\u0027s Degree
3 satisfied customers
I am forty nine and a single parent of one child i am on a
I am forty nine and a single parent of one child i am on a debt management plan, i owe twenty thousand and am paying back a hundred pounds a month over twenty years apparently twenty years is too long… read more
ProMBA
ProMBA
Founder & CEO
Master\u0027s Degree
3 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x