Prior to the adoption of FASB 141R (ASC 805), how was the amount reported as goodwill determined when majority ownership was acquired at an amount greater than book value ...

Prior to FASB 141R ASC 805 goodwill was report ...

Prior to the adoption of FASB 141R (ASC 805), how was the amount reported as goodwill determined

Question:

Prior to the adoption of FASB 141R (ASC 805), how was the amount reported as determined when majority ownership was acquired at an amount greater than book value?
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...