How is the goodwill appearing on the statement of financial position of a subsidiary prior to a

Question:

How is the appearing on the statement of financial position of a subsidiary prior to a business combination treated in the subsequent prepa ration of consolidated statements? Explain.
Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...