You are a senior accounting specialist at a large company that makes high-quality apparel. The company also has 45 retail stores where its manufactured brands as well as other brands are sold. On your financial statements, you have a goodwill balance of $425 million. This amount is split between three business segments as follows: US Retail Operation $200 million; US Manufacturing Operations $195 million and International Operations $30 million.

1. Should your company be a private company, are there different accounting guidance available, please explain.