One company acquired another in a transaction in which $100,000 of the acquisition price is assigned to goodwill. several years later, a worksheet is being produced to consolidate these two companies. how is the reported value of the goodwill determined at this date?

How is the reported value of the goodwill determined at this date?

The amount of the goodwill must remain the same unless it is affected by the sale of a business unit that originated with the goodwill

Explanation:

Lambert's loan payable and the receivable held by Jenkins are intra-entity accounts. The consolidation process offsets these reciprocal balances.

The $100,000 is neither a debt to nor a receivable from an unrelated (or outside) party and is, therefore, NOT REPORTED in consolidated financial statements.

Any interest income/expense recognized on this loan is also intra-entity in nature and must likewise be eliminated

answer; only identify and interpret trends in the marketplace;