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The Goodwill in the financial statement was $1,867 in the current year with a low materiality level of 1%. Last year the Goodwill was $1,854

The Goodwill in the financial statement was $1,867 in the current year with a low materiality level of 1%. Last year the Goodwill was $1,854 with a materiality level of 2-3%. You, the staff accountant, ask the audit senior about this difference; the senior tells you Its; fine. Discuss both years.

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