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Explain accounting treatment of goodwill in subsequent years

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Reference no: EM132647505

Goodwill on the Balance Sheet may reveal managers' private information of a firm's future cash flows. However, research argues that subsequent treatment of goodwill may provide opportunities for earnings management.

Question 1: Explain whether the accounting treatment of goodwill in subsequent years could be a concern for financial reporting.

Reference no: EM132647505

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