(Answered) Sfas no 160 see fasb asc 810 required that goodwill be

Accounting

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

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