Procter & Gamble's 2019 balance sheet reported a goodwill balance of $40.3 billion. Describe what goodwill is,

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Procter & Gamble's 2019 balance sheet reported a goodwill balance of $40.3 billion. Describe what goodwill is, how it was originally recorded, and what it indicates about Procter & Gamble. Further, P&G carried over $45.2 billion in goodwill in 2018.

Discuss what happened to the account balance in 2018.

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Financial Accounting

ISBN: 978-1119745327

11th Edition

Authors: Jamie Pratt, Michael F Peters

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Question Posted: May 13, 2022 02:28 AM

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Procter & Gamble's 2019 balance sheet reported a goodwill balance of $40.3 billion. Describe what goodwill is,

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Goodwill is an intangible asset that represents the value of a companys reputation customer re...View the full answer

Financial Accounting

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