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Nebraska Law Review Volume 96 Issue 42018Goodwill Hunting Gone Bad: Tax Laws Outmoded Treatment of Goodwill Mitchell L. Angler Yeshiva University, Benjamin N. Cardozo School of Law, angler you. Follow
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Goodwill hunting gone bad refers to the situation where a company's goodwill, which is an intangible asset representing the excess of the purchase price over the fair market value of the net assets acquired, decreases significantly or becomes impaired.
Companies that have goodwill on their balance sheet are required to assess if there has been any impairment and file goodwill hunting gone bad if necessary.
To fill out goodwill hunting gone bad, companies need to assess the value of their goodwill and determine if it has been impaired. They must then disclose this information in their financial statements.
The purpose of goodwill hunting gone bad is to provide transparency to investors and stakeholders about a company's financial health and potential impairment of their goodwill.
Companies must report the impairment loss, if any, on their goodwill, the reasons for the impairment, and the impact on their financial statements.
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