What does goodwill on consolidation on the consolidated balance sheet mean?
Question:
What does goodwill on consolidation on the consolidated balance sheet mean?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Goodwill on consolidation often referred to simply as goodwill is an accounting concept that appears on a consolidated balance sheet when a company ac...View the full answer
Answered By
Owino Otieno
My proficiency as a tutor lies in my ability to understand and respond to questions, provide explanations, and offer detailed information on various topics. I can help with academic subjects such as mathematics, science, history, literature, and more. I can also provide assistance with writing, proofreading, and language learning.
I am capable of adapting to different learning styles and can present information in a clear and concise manner. I can break down complex concepts into simpler terms, provide examples and illustrations, and engage in interactive discussions to enhance the learning experience. Additionally, I can offer guidance on problem-solving strategies, critical thinking, and exam preparation.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
Question Posted:
Students also viewed these Business questions
-
Caterpillar Inc., consists of two business units: the manufacturing company (parent corporation) and a wholly owned finance subsidiary. These two units are consolidated in Caterpillar's 2018 10-K...
-
Purple Door Corporation (PDC) is a large industrial corporation dealing in a wide array of technical products. Silver Nickel Industries (SNI), a smaller competitor, specializes in research and...
-
1 Cost After t hours of operation, an assembly line has assembled A(t) = 10t - power lawn mowers, 0 sts 10. Suppose that the factory's cost of manufacturing x units is C(x) dollars, where C(x) = 3000...
-
The standard manufacturing process for thin-film resistors produces resistors with an average of 1k and a standard deviation of 3.5 Q. Twenty samples of a new process were tested, and the data can be...
-
Oregon Inc.s $10 par ordinary shares are selling for $110 per share. Four million shares are currently issued and outstanding. The board of directors wishes to stimulate interest in Oregon ordinary...
-
Hill, Jones, and Vose have been partners throughout 2008. Their average balances for the year and their balances at the end of the year before closing the nominal accounts are as follows: The income...
-
Jack L. Hargrove is president and majority shareholder of Jack L. Hargrove Builders, Inc. (Hargrove). Gerald A. Heinz is president and majority shareholder of Gerill Corporation. After engaging in a...
-
Recording Bad Debt Expense Estimates and Write-Offs Using the Percentage of Credit Sales Method During 2011, Soto Electronics, Incorporated, recorded credit sales of $790,000. Based on prior...
-
65. Doubling the initial concentration of a reactant doubles t1/2 of the reaction then order of reaction is :- (1) 3 (2) 2 (3) 1 (4) Zero
-
On 30 June 2019, the following figures were extracted from the general ledger of Nora Ltd. Additional information: On 30 June 2019, the directors of Nora Ltd resolved to: a. Provide for estimated tax...
-
Since it is the sum of more than one company, wont a consolidated balance sheet present a stronger financial picture than the parents unconsolidated balance sheet does?
-
What would be the fair value of the preceding cash flows after two years?
-
A standardized good is a good for which Blank______. Multiple choice question. any 2 units have the same features any 2 units have the same price all units are made at the same place all units are...
-
Which 2 statements are true about Forms 1099 in QuickBooks Online? QuickBooks Online automatically excludes credit card payments from Forms 1099 The same account can be used for more than one box on...
-
Property in the hands of a taxpayer not engaged in real estate business is treated as a CAPITAL ASSET for tax purposes. Select one: True FalseThe capital asset is defined under our Philippine Tax...
-
case study : planning for international market entry Question : Whenever organizations enter a new market, they will encounter some conditions that make entry more challenging. What market barriers...
-
Choose the correct option. Which statement is incorrect? A Fund Facts document does not address suitability. The Annual Information Form must be provided to an investor at the time of purchase....
-
Consider the concentration cell shown below. Calculate the cell potential at 25oC when the concentration of Ni2+ in the compartment on the right has each of the following values. a. 1.0 M b. 2.0 M Ni...
-
Selected condensed data taken from a recent statement of financial position of Morino Ltd. are as follows. MORINO LTD. Statement of Financial Position (partial) Other current assets...
-
Bonds Payable has a balance of $5,000,000 and Discount on Bonds Payable has a balance of $150,000. If the issuing corporation redeems the bonds at 98, is there a gain or loss on the bond redemption?
-
Bonds Payable has a balance of $5,000,000 and Discount on Bonds Payable has a balance of $150,000. If the issuing corporation redeems the bonds at 98, is there a gain or loss on the bond redemption?
-
In what section of the balance sheet would a bond payable be reported if: (a) It is payable within one year and (b) It is payable beyond one year?
-
3. The length of the biceps muscle increases 1.7cm over the course of an overhead softball throw. The stiffness constant for the biceps is 225,000 N/cm. Calculate the strain potential energy (in Nm)...
-
8. *A 2-kg block of copper is heated to 400 C and dropped into an insulated bucket that contains a mixture of ice and water at 0 C. The final temperature of the copper is 0 C. How much ice melted in...
-
A. Calculate the work, w , (in J) when 8.9 litre of an ideal gas at an initial pressure of 83.1 atm is expanded to a final pressure of 0.66 atm against a constant exteral pressure of 0.66 atm. Assume...
Study smarter with the SolutionInn App