What Is Goodwill And How Is It Accounted For?

Q: What is the pupose of performing impairment test for goodwill

A: Goodwill impairment is an accounting charge that companies record when goodwill's carrying value on…

Q: how do you determine when goodwill will be written off under the impairment rules

A: Goodwill:Goodwill is the good reputation developed by a company over years. This is recorded as an…

Q: impairment testing for goodwill?

A: ABOUT GOODWILL  :- Goodwill is an Intengible Assets of the Business . Which shows the Reputation of…

Q: Assuming the use of full goodwill approach, compute for the goodwill.

A:

Q: How do you view goodwill on the balance sheet - specifically, if certain levels of it would cause…

A: 1.) I see the goodwill on the balance sheet as synergies , which was estimated at the time of the…

Q: Explain the impairment of goodwill, in general

A: Corporate finance is referred as the decision of the firm to take capital investments and other…

Q: what is accounting for goodwill and what are its implications?

A: Goodwill is an intangible asset. It generally arises from the acquisition of a business. In other…

Q: Why are the impairment rules for goodwill different than for other assets? Explain

A: Goodwill: Goodwill is the good reputation developed by a company over years. This is recorded as an…

Q: Are perishable and homogeneous properties alike? How the possibilities of usury should be observed…

A: Introduction:- Making unethical or immoral monetary loans that unfairly advantage the lender is…

Q: how much is the goodwill?

A: Goodwill is defined as the difference between the purchase price and the fair value of the defined…

Q: How much is the goodwill/gain on bargain purchase?

A: Share capital = P500,000  Additional paid in capital = P300,000  Retained earnings = P500,000  Add:…

Q: Define Goodwill.

A: Goodwill refers to the intangible asset which arises when buyer acquires the existing business.

Q: During what situations goodwill is essential to be valued?

A: Goodwill is an intangible asset. Value of a brand,  Good relations with customers, solid customer…

Q: Give a definition of "Goodwill". Give two examples.

A: The value that a person or company builds up over a time in the form of reputation with the aim to…

Q: Define goodwill impairments.

A: Goodwill impairment is an accounting charge that companies record when goodwill's carrying value on…

Q: why does fair value seeking for an acquisition?

A: Reasonable worth is a term with a few implications in the monetary world. In contributing, it…

Q: What impact does goodwill have on the firm’sbalance sheet? On its income statement?

A: A type of intangible asset that defines the reputation and value of the firm in the market is known…

Q: Explain how to defer gains using the like-kind exchange rules.

A: A like kind exchange is defined as the tax deferred transaction, which used to allow regarding the…

Q: What is goodwill and how is it measured?

A: Intangible Assets: Intangible assets are the long-term assets having no physical existence. However,…

Q: Is goodwill a long-lived asset?

A: Goodwill is known as asset that includes company image. It is an intangible assets which do not…

Q: How is the compound interest used to establish economic equivalence?

A: Economic Equivalence means funds occurring at different time period will have different economic…

Q: In what circumstances would goodwill be long-lived or short-lived?

A: Goodwill is a part of assets that is reported on the balance sheet. It is an intangible asset (that…

Q: Explain the ‘qualifying asset’ and how do we treat exchange rate differences relating to the…

A: The question is related to Borrowed Cost. Borrowed cost are those cost that are directly…

Q: How should goodwill be amortized?

A: Goodwill is an example of intangible assets which has no physical identity.

Q: COMPUTE THE GOODWILL.

A: Step 1 Since as per given case, the acquirer has acquired all assets and liabilities or acquired…

Q: What amount of goodwill will be reported?

A: Consolidated balance sheet The financial position of a combination of two companies is represented…

Q: What is the amount of Goodwill

A: Goodwill/Gain on Bargain purchase:  Purchase consideration/Investment  Add: Non controlling Interest…

Q: Compute the goodwill (gain on bargain purchase).

A: The goodwill (gain on bargain purchase) is calculated as follows:Reference:

Q: Assuming the use of full-goodwill approach, compute for the goodwill.

A: Particulars  Parent Share (72%)  Minority Share (28%)  Total Value (100%)  Purchase Price…

Q: What is the goodwill arising from the acquisition?

A: A business combination occurs when an entity acquires control over an organization. Asset purchases…

Q: How much is the goodwill (gain on bargain ourchase)?

A: Calculation of Net Assets - Fair value: = Total Assets - Goodwill - Liabilities = P4,000,000 -…

Q: can goodwill be amoritized?

A: Goodwill: Goodwill is an intangible asset to the company. However, goodwill is recorded in the books…

Q: exchange gain or loss

A: As per IAS 21 ( The effect of changes in foreign exchange rates), a foreign currency monetary item…

Q: Compute for the goodwill.

A: Purchase consideration: Fair value of the equity investment + Purchase price paid for acquiring…

Q: What is goodwill?

A: Before acquiring a business, the vendor evaluates the business on various parameters. Goodwill is…

Q: COMPUTE FOR THE GOODWILL.

A: Goodwill is an intangible asset that is related to the takeover of one company by another. In fact,…

Q: gain is to be recognized

A: Carrying amount of the non-monetary asset = Cost - Accumulated depreciation Given that,   Cost…

Q: What is the nature of a sale on consignment?

A: Consignment is a business sale transaction between a consignor and a consignee. Under consignment…

Q: Explain what is goodwill?

A: Solution:- Introduction:- Goodwill is an intangible asset. Goodwill arises when a company looking…

Q: How do you determine the basis of acquired property in a like-kind exchange?  Give an example

A: Exchange of like-kind business/investment real property - The gain or loss on exchange of kind" real…

Portfolio Management

Portfolio management is the process by which an investor decides that how the person will invest in a variety of assets in order to get a desired return in the future. A portfolio means a pool of assets that includes securities, bonds, and other investment instruments which helps in risk minimization of the money that has been invested. In other words, it can be said that a portfolio means a combination of assets in which an investor decides to invest their money in order to get a lump sum return in the future or even a series of cash flow that the person is expecting at the end of their job life.