So far in the course we have dealt with primarily two consolidation methods - acquisition and purchase method. In both cases upon acquisition,

So far in the course we have dealt with primarily two consolidation methods – acquisition and purchase method. In both cases upon acquisition, goodwill may be created. What does goodwill represent? Under SFAS 142 we are required to test goodwill for impairment at least annually. How is this done? Have companies actually written down goodwill?"

So far in the course we have dealt with primarily two consolidation methods – acquisition andpurchase method. In both cases upon acquisition, goodwill may be created. What does goodwill...