Question: An acquisition will typically result with the acquiring organization bringing goodwill onto its books. a. How is the amount of goodwill determined at the time

An acquisition will typically result with the acquiring organization bringing goodwill onto its books.
a. How is the amount of goodwill determined at the time of acquisition?
b. When should an organization consider whether goodwill has been impaired? How is goodwill impairment determined?
c. What are the auditor’s concerns related to goodwill?

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