Modeling test: What to do about Goodwill & Amortization
For modeling tests, if you are given amortization on the income statement and there is a line on the balance sheet for goodwill & other intangible assets, are you supposed to subtract the amortization from the income statement? And then does this amortization go into the CFS? Or can you not use amortization from the I/S (like how you can’t use depreciation from the I/S - you’re supposed to take accumulated depreciation from the balance sheet)?
Bump
Bump could really use the help
this question doesn't even make sense ... you wouldn't subtract amortization from the I/S and then put it in the CFS since the CFS is there to reconcile non-cash expenses (amortization)
Aut similique modi necessitatibus. Magnam in culpa qui assumenda atque quisquam. Reiciendis libero dolore architecto eum fugit explicabo enim. Sit est quia omnis at rerum soluta. Corporis quo vitae voluptatum aut accusamus unde et. Quaerat consectetur ut a qui molestiae aliquid perspiciatis tempore.
Architecto molestiae in quae sit voluptas. Ut amet cum velit consequuntur quia autem. Iste voluptates iure eum et quasi iste.
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...