Question: Define goodwill. Explain how it is computed in a business combination and reflected in the financial statements under U.S. GAAP; Explain how goodwill is computed

Define goodwill. Explain how it is computed in a business combination and reflected in the financial statements under U.S. GAAP; Explain how goodwill is computed and reflected in the financial statements under IFRS Define goodwill impairment. Explain why and how this is computed. In addition, prepare a spreadsheet in Excel that tests for impairment of goodwill. Submit as a separate spreadsheet. You can prepare your Excel spreadsheet in any format you like as long as it adequately presents an answer to the question. Use any appropriate source you need to prepare your analysis and cite your source in your spreadsheet

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