1. Goodwill

1a. In general, briefly explain the accounting term goodwill. Is it an intangible asset?

1b. In general, briefly explain the accounting for goodwill arising from a business combination. Include an explanation of both initial recognition and subsequent measurement

1c. In general, briefly explain the accounting for internally generated goodwill.

1d. Based on 1a to 1c, explain what types of transactions may have resulted in the balance for Goodwill in Blackmores balance sheet.