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Good morning SDS,

You asked: Can someone explain what goodwill amortization and intangibles amortization mean? Does it have something to do with acquisitions?

Yes you're right it deals with acquisitions. Good will is an intangible asset which provides a competitive advantage, such as a strong brand, reputation, or high employee morale. In an acquisition, goodwill appears on the balance sheet of the acquirer in the amount by which the purchase price exceeds the net tangible assets of the acquired company.

I am sending you some links to some articles to help you learn how to read a balance sheet. Hope it helps. :)

How to read a balance Sheet: meaning of a balance sheet

And our Balance Sheet Checklist series; basics part1 part 2 part 3

Keep Foolish and Prosper,


PS: Get all the tax help you need in one handy place.

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