A Business Combination Results in $90,000 of Goodwill

question 89

Essay

A business combination results in $90,000 of goodwill. Several years later a worksheet is being produced to consolidate the two companies. Describe in words at what amount goodwill will be reported at this date.

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Definitions:

Engraved Line

A technique in printmaking and drawing where lines are incised onto a surface with a sharp tool, often used for detail and texture.

Megalithic Architecture

Structures made of large stones without the use of mortar or concrete, famous examples include Stonehenge and various dolmens, menhirs, and cromlechs across Europe.

Mudbrick Fortifications

Defensive structures made from sun-dried bricks, commonly used in ancient times across various civilizations for protection against invasions or attacks.

Feline Head

This term likely refers to artistic representations or sculptures focusing on the head of a cat or any similar feline animal, emphasizing features such as ears, eyes, and whiskers.