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Q28 Under the acquisition method of accounting for a business combination when the parent company has acquired only 90% of the voting stock of a

Q28

Under the acquisition method of accounting for a business combination when the parent company has acquired only 90% of the voting stock of a subsidiary,

10% of the goodwill will be reported in a separate section of the balance sheet because it belongs to the noncontrolling interest.

The consolidated balance sheet will report 100% of the value of goodwill.

The consolidated balance sheet will report 90% of the value of goodwill.

Goodwill will be amortized over its useful life or 40 years whichever comes first.

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