Cisco Systems, Inc., is a global conglomerate that develops, manufactures, and sells networking hardware (e.g., switches, routers,

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Cisco Systems, Inc., is a global conglomerate that develops, manufactures, and sells networking hardware (e.g., switches, routers, and cybersecurity), software, telecommunications equipment, and other high technology services and products. Its balance sheet recently reported goodwill in the amount of $33.8 billion, which is over 35 percent of the company’s total assets. This percentage is very large compared to that of most companies. Explain why you think Cisco has such a large amount of goodwill reported on its balance sheet.

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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