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:

Extracellular

Situated or taking place outside a cell or cells.

Metabolic Acidosis

A condition where there is too much acid in the body fluids, often caused by kidney disease, diabetes, or excessive alcohol intake.

Arterial Blood Gas

A test that measures the levels of oxygen and carbon dioxide in the blood from an artery, used to assess lung function and how well oxygen is being circulated.

Electrolyte

Minerals in the body fluids that carry an electric charge and are essential for muscle function, hydration, and blood pH balance.