SFAS No. 160 required that goodwill be measured at 100 percent of its fair value.

Team 1: Argue that goodwill reported in balance sheets should be measured only at the value purchased by the parent company. Your arguments should refer to parent company theory. 

Team 2: Argue that goodwill reported in balance sheets should be the amount of goodwill for the total company acquired. Your arguments should refer to entity theory.