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Discuss amount of goodwill for the total company acquired

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SFAS No. 160 (see FASB ASC 810) required that goodwill be measured at 100 percent of its fair value. Team Debate: Team 1: Argue that goodwill reported in balance sheets should be measured only at the value purchased by the parent company. Your arguments should refer to parent company theory. Team 2: Argue that goodwill reported in balance sheets should be the amount of goodwill for the total company acquired. Your arguments should refer to entity theory

Reference no: EM131785862

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