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Which of the following observations concerning "goodwill" is NOT correct? a. once written down, it may be written up for recoveries b. it must be tested for impairment at least annually c. goodwill is an intangible asset d. it is reported on the balance sheet Usually, an investment of 60 percent in another company's voting stock is reported under the: a. cost method b. equity method c. pooling methood d. fair value metl Burrough Corporation concluded that the fair value of Helyar Company was $92,000 and aid that amount to acquire all of its net assets. Helyar reported assets with a book value of 80,000 and fair value of S100,000 and liabilities with a book value and fair value of 20,000 on the date of combination. Burrough also paid $3,000 to a search firm for finder's es related to the acquisition. What amount will be recorded as goodwill by Burrough rporation while recording its investment in Helyar? a. $8,000 b. $12,000 . $20,000 . none of the above