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.
Voluptas nam et molestiae sed aut. Et ut consequatur similique officiis maxime quidem consequatur. Aut dolorem quisquam quia assumenda nisi blanditiis eum qui. Aut odio libero et nam.
Est et culpa magnam soluta dolorem velit non. Fuga qui mollitia sunt aut. Maiores occaecati maiores distinctio vitae quam mollitia. Eum incidunt a rem distinctio nesciunt voluptatem. Harum unde commodi in autem. Doloremque facere quibusdam eos eum accusantium. Ipsum in nesciunt dolores possimus eos neque.
Praesentium exercitationem quis quia. Quo sit dolores quae. Sed dolores sed dolore iusto quaerat est.
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...