Many companies carry "goodwill" on their balance sheet as an asset. As a result, like all assets, goodwill must be valued correctly on the company's balance sheet in order for it to provide accurate information to investors and to the public. When the 'carrying value' of goodwill (the value reported on the balance sheet) is less than the fair market value, the goodwill is "impaired" and its value must be reduced. Goodwill impairment testing is thus required annually by financial accounting[...]
AN ATTORNEY'S GUIDE TO GOODWILL IMPAIRMENT TESTING
Posted in
goodwill impairment testing,,
financial analysis,
on Dec 2011,
by: Mark Gottlieb
AN ATTORNEY'S GUIDE TO TRANSFER PRICING & VALUATION ISSUES
Posted in
transfer pricing,
on Dec 2011,
by: Mark Gottlieb
When one person or entity sells something to another person or entity, it is usually assumed that the seller tried to get a fair price for the item sold. Typically, that price is set by the laws of supply and demand in a market economy. However, when the people involved in the transaction are related in some way, the game changes. Picture, for example, a parent selling a house or a car to a child. The parent may be far more generous than he would be of selling the house to a stranger.
For this[...]
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