GE’s unusual move didn’t violate accounting rules, but it is one of a number of puzzling decisions the company made in recent years regarding goodwill
When General Electric Co. bought Alstom SA’s power business in 2015, it cost it a little more than $10 billion.
But when GE put the acquisition on its books, something odd happened: The company recorded $13.5 billion in goodwill. Goodwill is the excess amount that a buyer spends on a target above the accounting value of the things it paid...
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