Weve learned that the only time Goodwill is recognized (recorded in the F/S) is when a company acquires another business. So lets look at a real-world example. Hershey acquired Brookside Foods (a Canadian candy company) in 2012.

What was the total purchase price?

How much goodwill was created? Should goodwill be amortized?

Give an example of another intangible asset that Hershey acquired. (i.e., other than goodwill)