(a) State any FOUR intangible factors which contribute to the goodwill of Apple Inc. selling iPad, iPhone, Mac, iPod, and iTunes, etc. (4 marks) (b) Why is the goodwill reported on the consolidated financial statements but not on parents financial statements? (2 marks) (c) Peter Wong questions the practice that goodwill should be recognized as an asset in the consolidated financial statements because he believes goodwill has no physical substance and no one can even quantify the income generated from it. What is your response to his doubts? (6 marks) (d) Accountants had used the method of amortization for the goodwill accounting for a decade before 2001. Currently the accounting for goodwill should be subject to impairment test. Discuss the key assumptions and features of the amortization and impairment test for goodwill measurement. Discuss the pros and cons of the impairment test relative to amortization. (12 marks)