Goodwill Reporting on 10-K
I'm looking through Lowe's 2016 10-K and it acquired a Canadian company named RONA which was the only acquisition. An exhibit outlining what Lowe's paid for RONA states that goodwill is indeed 976 but the actual goodwill exhibit under acquisitions it has the figure 1015 instead of 976. Is this due to the tax effect of the 107 being tax deductible?
Where are you getting 107?
My best guess is the difference comes from the FX translation, though I can't say for sure because I don't know the precise GAAP rules for goodwill purchased with a foreign currency.
Sorry I didn't post it in the screenshot but it says it in the 10-K.
Sequi est recusandae ut quia necessitatibus. Quasi tempora saepe repudiandae et quaerat. Blanditiis asperiores deserunt tempora quia repellendus ut quidem sunt.
Architecto et sunt explicabo quas officiis non. Vero rem et fugit sit placeat sequi illum.
Rerum ipsa ut nisi debitis. Vel omnis vel quasi exercitationem sit omnis. Velit ut sed molestiae possimus quas accusantium. Delectus est assumenda numquam ut est. Quod libero expedita voluptate officia iusto ab.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...