retained earning-- goodwill

meibaker
meibaker Registered Posts: 481 Dedicated contributor 🦉
in AAT Level 4 (Level 8 in Scotland)
hey, i am just wondering what happened if the goodwill is negative? do i put negative goodwill in the intangible asset? thanks

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  • Bluewednesday
    Bluewednesday Registered Posts: 1,624 Beyond epic contributor 🧙‍♂️
    Negative goodwill is written off straight away in the income statement
  • meibaker
    meibaker Registered Posts: 481 Dedicated contributor 🦉
    Bluewednesday wrote: »
    Negative goodwill is written off straight away in the income statement

    thanks.

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