Not every acquisition results in goodwill reported in the consolidated balance sheet. Describe the valuation procedures followed

Question:

Not every acquisition results in reported in the consolidated balance sheet. Describe the valuation procedures followed by the acquiring firms to determine whether any should be recorded as a result of an acquisition and the circumstances that could lead to no recognition of in an acquisition.

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...