A company exits bankruptcy reorganization and produces a balance sheet that reports a goodwill balance along with other assets and a variety of liabilities. What was the most likely reason for reporting goodwill? Multiple choice question. The reorganization value for the entity was greater than the difference in the fair values of the reported assets and the reported liabilities. The entity exiting bankruptcy is now viewed once again as a going concern and such entities are assumed to have some goodwill present. The total fair value of the individual assets held when the entity exits bankruptcy is greater than the total net book value of these same assets