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- 10.4 Question 18 of 30 View Policies Current Attempt in Progress Oriole Corporation acquired End-of-the-World Products on January 1, 2020 for $6550000, and recorded

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- 10.4 Question 18 of 30 View Policies Current Attempt in Progress Oriole Corporation acquired End-of-the-World Products on January 1, 2020 for $6550000, and recorded goodwill of $1230000 as a result of that purchase. At December 31, 2021, the End-of-the-World Products Division had a fair value of $4887000. The net identifiable assets of the Division (including goodwill) had a carrying value of $5590000 at that time. What amount of loss on impairment of goodwill should Oriole record in 2021? O $960000 O $1663000 $703000 $0

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