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Top 5 Accounting Issues to Master to Avoid Snags in SPAC IPOs

ThomsonReuters

Goodwill is an accounting term for the figure that is recorded on the balance sheet after subtracting the book value of a business from the higher price that was paid for it. Under private company GAAP, companies have the option to amortize goodwill and can treat a subsequent goodwill impairment test as a triggering event.