When an organization is sold, the purchase price may be higher than the total value of its physical and financial assets. This difference is sometimes called ____.

Respuesta :

Answer:

Goodwill

Explanation:

The valuation of a company doesn't depend only of his physical or financial assets, The goodwill represents the part of the intangible assets that can de be defined under the two previous classification (physical or financial) is an extra amount that represents sometimes the value of the brand, the reputation, the know-how or a mix of these and any other intangible asset in the company.  

intangible asset:  It cannot be perceived physically. The intangible asset is immaterial in nature.