​FASB ASC 810-10-10-1 states ...

​FASB ASC 810-10-10-1 states:

​"The purpose of consolidated financial statements is to present…the results of operations and financial position of a parent company and all its subsidiaries…as if the consolidated group were a single economic entity."

Just in case you need to know: ​Goodwill = Cash paid - (Fair market value of assets - Liabilities)

cc: Reporting