The SEC Form 10-K of Google can be found online at www.wiley.com/college/pratt. REQUIRED: Review the Google SEC

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The SEC Form 10-K of Google can be found online at www.wiley.com/college/pratt.

REQUIRED:
Review the Google SEC From 10-K, and answer the following questions:
a. Does Google carry investment portfolios in trading and available-for-sale securities?
b. Has Google exercised the fair value option for any of these investments? If so, which ones, and which levels of measurement (1, 2, or 3) did Google rely upon to estimate the market values?
c. Did Google have any major acquisitions during 2012? Replicate the entry recorded to account for this acquisition.
d. How much goodwill did Google report on its 2011 and 2012 balance sheets? Explain the difference from 2011 to 2012.
e. Does Google have any investments for which they use the equity method? Explain.

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...
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