[Solution] Financial Statements Regarding Goodwill
Select a publicly traded company that has goodwill on its balance sheet. Locate that company’s most recent Form 10-K. Include the name of the company in your subject line, and do not choose a company about which one of your classmates has already posted. (Possible companies can be located by querying mergers and acquisitions (M&A) activity in the last couple of years. Companies rarely make just one investment in another company.) Review all notes to the financial statements regarding goodwill. Summarize the following about the company’s goodwill: reported balances from both years’ balance sheets; the source of the goodwill; and any changes to goodwill from last period to this period. Do you believe the company disclosed enough about its goodwill for users to understand the origin and amount reported? Provide authoritative references as needed to support your conclusion.