English Technical Terms Series Part 3: Corporate Accounting - Answer Key

An accounting term that sounds very kind

"goodwill"

meaning

Did you know the meaning of "goodwill" as used in accounting terms?

The correct answer was "goodwill" (noren).

The example given in the quiz section,

amortization of goodwill

is

Amortization of goodwill.

Goodwill and other intangible assets

is

Goodwill and other intangible fixed assets

is used like this.

Well, as seen in the "noren-wake" (branching out) of shops, there is a kind of partnership, so it could be said that it is based on goodwill.

See you next time!