DreamWorks Animation makes well known animated films like Shrek 2 Two items on the companys 2008 balance sheet are as follows 19 Goodwill $34,216 Minority interest 2,941 1 What is the difference between goodwill and minority interest and where do these items appear on the balance sheet 2 The amount...

1 Goodwill is the amount paid for a subsidiary that ...

DreamWorks Animation makes well-known animated films like Shrek 2. Two items on the companys 2008 balance sheet

Question:

DreamWorks Animation makes well-known animated films like Shrek 2. Two items on the company’s 2008 balance sheet are as follows:¹⁹

Goodwill...................................$34,216

Minority interest..........................2,941

1. What is the difference between goodwill and minority interest and where do these items appear on the balance sheet?

2. The amount of goodwill did not change from 2007 to 2008. Assuming no new acquisitions or sales, what would cause the amount of goodwill to change from year to year? Would it increase or decrease?

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... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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