what is goodwill impairmanent charge?

2007-03-07 23:35:09 · 1 answers · asked by Joe J 1 in Business & Finance ➔ Small Business

1 answers

A goodwill impairment charge is an accounting/bookkeeping term used to describe the line on a balance sheet where a company might deduct from their overall assets the perceived value of goodwill for the firm which they now feel is over valued or completely worthless.

2007-03-11 16:09:16 · answer #1 · answered by SantaBud 6 · 0⤊ 0⤋

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