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5 points eBook Print References lomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative ssessment, one
5 points eBook Print References lomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative ssessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers had ecognized net assets with carrying amounts totaling $985, including goodwill of $605. Seller's reporting unit fair value is ssessed at $920 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair alues of $115 and $107, respectively). The following table summarizes current financial information for the Sellers reporting unit: Carrying Fair Amounts Values Tangible assets, net $158 $194 Recognized intangible assets, net 222 299 Goodwill 605 ? Unrecognized intangible assets 0 222 a. Determine the amount of any goodwill impairment for Alomar's Sellers reporting unit. b. After recognition of any goodwill impairment loss, what are the reported carrying amounts for the following assets of Alomar's reporting unit Sellers? Print References Goodwill impairment loss Tangible assets, net Goodwill Patent Customer list
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