Question: The president of your company has today paid a visit. He believes that the financial statements false financial situation of the company and that, as an accountant to fix these errors you need. As an example, he pointed out that the land and building have a carrying amount of 350,000 dollar to the books, but recently estimated for the insurance at 900,000 dollar. Also know for sure that the company generates a large amount of goodwill over the years as a result of its reliable service for customers. But it is listed no goodwill in the section of the balance sheet. He has asked you to determine the value of goodwill and attention to the books. He also wants the value of all assets of the plant to increase its estimates. He emphasizes the importance of these changes to the Company's ability to obtain much-needed a bank loan next week.