2.16 Goodwill
ASC 350-20 — Glossary
Goodwill
An asset representing the future economic benefits arising from other assets acquired in a business combination or an acquisition by a not-for-profit entity that are not individually identified and separately recognized. . . .
Pending Content (Transition Guidance: ASC
805-60-65-1)
An asset representing the future economic
benefits arising from other assets acquired in a
business combination, acquired in an acquisition
by a not-for-profit entity, or recognized by a
joint venture upon formation that are not
individually identified and separately recognized.
. . .