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27. Twilight Corporation acquired End-of-the-World Products on January 1, 2017 for $6,400,000, and recorded goodwill of $1,200,000 as a result of that purchase. At December
27. Twilight Corporation acquired End-of-the-World Products on January 1, 2017 for $6,400,000, and recorded goodwill of $1,200,000 as a result of that purchase. At December 31, 2018, the End-of-the-World Products Division had a fair value of $5,440,000. The net identifiable assets of the Division (excluding goodwill) had a fair value of $4,740,000 at that time. What amount of loss on Twilight record in 2018? A) $ B) $500,000 C) $460,000 D) $960,000 impairment of goodwill should -0- an Page 7 OO00O DEC
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