Goodwill is reported on a consolidated statement of ﬁnancial position only if it was acquired in the merger or acquisition.

Name: Goodwill is reported on a consolidated statement of ﬁnancial position only if it was acquired in the merger or acquisition.
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Goodwill is only reported on a consolidated statement of financial position if it was acquired in a merger or acquisition. If there is no goodwill acquired in a merger or acquisition, it will not be reported on the consolidated financial statement.

Goodwill Is Reported on a Consolidated Statement of ﬁNancial Position