LyondellBasell Industries N.V. LYB Goodwill written off on sale of business
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Questions, answered.
- What does goodwill written off on sale of business mean?
- This represents the specific amount of goodwill derecognized from the balance sheet upon the disposal of a business unit or subsidiary. It reflects the portion of the purchase price premium that is no longer supported by the assets being sold. This is a key indicator of the accounting impact of divestiture activities.