If the subsidiary has recorded goodwill in its records at acquisition date, how does this affect the

Question:

If the subsidiary has recorded in its records at acquisition date, how does this affect the preparation of the consolidation adjustment entries? 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...