Quote:
Originally Posted by Georgie
Goodwill is like a super-intangible asset--it relates to things that can't be specifically capitalized like a patent or trademark (both intangible assets). its like the aggregate of things such as earnings potential, skill of management, reputation, that you pay a premium for over FMV. i can't specifically explain this one case w/ GM having $32B in Goodwill after a bankruptcy though. it confuses me as well. i'm only familiar with how to treat Goodwill after a purchase and in Consolidations.
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The government injected more capital than the net of assets and liabilities, so there is goodwill.