Question
Research the FASB Codification on accounting for goodwill. Olympus used Japanese GAAP to compute goodwill. Specifically, the fees paid to advisers and M&A consultants ($660
Research the FASB Codification on accounting for goodwill. Olympus used Japanese
GAAP to compute goodwill. Specifically, the fees paid to advisers and M&A consultants
($660 million) were capitalized as part of the acquisition cost, and would be amortized over
a period of 20 years under Japanese GAAP. Would the accounting treatment be similar or
different under (a) U.S. GAAP, and (b) IFRS?
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Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
10th Edition
0324380674, 978-0324380675
