Goodwill
According to the General Accounting Plan, goodwill is the excess cost (on the acquisition date) of the combined business lines over the corresponding value of the identifiable assets acquired minus the value of the liabilities assumed. Goodwill is only be recognized when it has been acquired in exchange for compensation, and it corresponds to the future economic benefits from assets that could not be individually identified and recognized separately.
As a result, goodwill represents advance payment made by the acquiring company in exchange for the future economic benefits derived from the acquired company's assets that could not be identified or quantified.