Woodstock Industrial Products Inc. is recognized as a world leader in the manufacture of industrial products. The

Question:

Woodstock Industrial Products Inc. is recognized as a world leader in the manufacture of industrial products. The company's success has created vast amounts of business . Would you expect to see this reported on Woodstock's financial statements? Why, or why not?
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...