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March 18, 2026The Accounting Review

Court Decisions Concerning Goodwill.

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Authors

SSSidney I. SimonRutgers, The State University of New Jersey

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Implication

This article analyzes goodwill valuation in businesses, revealing accounting principles and legal implications.

Key Points

  • The article aims to clarify how goodwill is defined and treated in accounting and legal contexts.
  • Review of definitions of goodwill by accountants and courts
  • Analysis of legal cases regarding goodwill as property
  • Discussion of accounting principles related to goodwill capitalization and amortization.
  • Goodwill is considered an intangible asset that can be legally sold and represented on financial statements.
  • Goodwill should only be recorded at its purchase price if purchased, not exceeding this amount.
  • Extensive advertising costs may potentially be capitalized as goodwill if they yield long-term benefits.

Cite This Study

Sidney I. Simon (1956) studied this question.

synapsesocial.com/papers/69ba42dc4e9516ffd37a37eehttps://doi.org/10.2308/tar-7058975
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Some 'Conceptualizing' on Goodwill.1969 · 1 citations
  2. 2GENESIS OF THE CONCEPT OF «GOODWILL»2024 · 1 citations
  3. 3THE MOMENTUM THEORY OF GOODWILL.1953 · 1 citations
  4. 4NONPURCHASED GOODWILL.1938 · 1 citations
  5. 5Accounting for Goodwill.1988