Hawthorn AG's adjusted trial balance contained the following accounts at December 31, 2019: Retained Earnings 120,000, Share

Question:

Hawthorn AG's adjusted trial balance contained the following accounts at December 31, 2019: Retained Earnings €120,000, Share Capital-Ordinary €750,000, Bonds Payable €100,000, Share Premium-Ordinary €200,000, €55,000, Accumulated Other Comprehensive Income €(150,000), and Non-Controlling Interest €80,000. Prepare the equity section of the statement of financial position.
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...