Two accounts that arise from consolidation accounting are goodwill and noncontrolling interest 1 What is goodwill , and how does it arise Which company reports goodwill , the parent or the subsidiary Where is goodwill reported 2 What is noncontrolling interest, and which company reports it, the par...

1 Goodwill is an intangible asset Goodwill is the exces ...

Two accounts that arise from consolidation accounting are goodwill and noncontrolling interest. 1. What is goodwill ,

Question:

Two accounts that arise from consolidation accounting are and noncontrolling interest.
1. What is , and how does it arise? Which company reports , the parent or the subsidiary? Where is reported?
2. What is noncontrolling interest, and which company reports it, the parent or the subsidiary? Where is noncontrolling interest reported?

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...