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6 On May 2 8 , 2 0 2 4 , Pesky Corporation acquired all of the outstanding common stock of Harman, Incorporated, for $
On May Pesky Corporation acquired all of the outstanding common stock of Harman, Incorporated, for $ million. The fair value of Harman's identifiable tangible and intangible assets totaled $ million, and the fair value of liabilities assumed by Pesky was $ million. points kipped Pesky performed a goodwill impairment test at the end of its fiscal year ended December Management has provided the following information: tableFair value of Harman, Incorporated,$ millionFair value of Harman's net assets excluding goodwill millionBook value of Harman's net assets including goodwill million Fair value of Harman's net assets excluding goodwill million Book value of Harman's net assets including goodwill million Required: Determine the amount of goodwill that resulted from the Harman acquisition. Determine the amount of goodwill impairment loss that Pesky should recognize at the end of if any. If an impairment loss is required, prepare the journal entry to record the loss. Complete this question by entering your answers in the tabs below. Req and Determine the amount of goodwill that resulted from the Harman acquisition. Determine the amount of goodwill impairment loss that Pesky should recognize at the end of if any. Note: Enter your answers in millions ie should be entered as table Goodwill,nillion Goodwill impairment loss,million On May Pesky Corporation acquired all of the outstanding common stock of Harman, Incorporated, for $ million. The fair value of Harman's identifiable tangible and intangible assets totaled $ million, and the fair value of liabilities assumed by Pesky was $ million. Pesky performed a goodwill impairment test at the end of its fiscal year ended December Management has provided the following information: Fair value of Harman, Incorporated Fair value of Harman's net assets excluding goodwill Book value of Harman's net assets including goodwill $ million million million Required: Determine the amount of goodwill that resulted from the Harman acquisition. Determine the amount of goodwill impairment loss that Pesky should recognize at the end of if any. If an impairment loss is required, prepare the journal entry to record the loss. Complete this question by entering your answers in the tabs below. Req and Req If an impairment loss is required, prepare the journal entry to record the loss. Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions ie should be entered as Journal entry worksheet If an impairment loss is required, prepare the journal entry to record the loss. Note: Enter debits before credits. tableEventGeneral Journal,Debit,Credit
On May Pesky Corporation acquired all of the outstanding common stock of Harman, Incorporated, for $ million. The fair value of Harman's identifiable tangible and intangible assets totaled $ million, and the fair value of liabilities assumed by Pesky was $ million.
points
kipped
Pesky performed a goodwill impairment test at the end of its fiscal year ended December Management has provided the following information:
tableFair value of Harman, Incorporated,$ millionFair value of Harman's net assets excluding goodwill millionBook value of Harman's net assets including goodwill million
Fair value of Harman's net assets excluding goodwill
million
Book value of Harman's net assets including goodwill million
Required:
Determine the amount of goodwill that resulted from the Harman acquisition.
Determine the amount of goodwill impairment loss that Pesky should recognize at the end of if any.
If an impairment loss is required, prepare the journal entry to record the loss.
Complete this question by entering your answers in the tabs below.
Req and
Determine the amount of goodwill that resulted from the Harman acquisition.
Determine the amount of goodwill impairment loss that Pesky should recognize at the end of if any.
Note: Enter your answers in millions ie should be entered as
table Goodwill,nillion Goodwill impairment loss,million
On May Pesky Corporation acquired all of the outstanding common stock of Harman, Incorporated, for $ million. The fair value of Harman's identifiable tangible and intangible assets totaled $ million, and the fair value of liabilities assumed by Pesky was $ million.
Pesky performed a goodwill impairment test at the end of its fiscal year ended December Management has provided the following information:
Fair value of Harman, Incorporated
Fair value of Harman's net assets excluding goodwill
Book value of Harman's net assets including goodwill
$ million
million
million
Required:
Determine the amount of goodwill that resulted from the Harman acquisition.
Determine the amount of goodwill impairment loss that Pesky should recognize at the end of if any.
If an impairment loss is required, prepare the journal entry to record the loss.
Complete this question by entering your answers in the tabs below.
Req and
Req
If an impairment loss is required, prepare the journal entry to record the loss.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions ie should be entered as
Journal entry worksheet
If an impairment loss is required, prepare the journal entry to record the loss.
Note: Enter debits before credits.
tableEventGeneral Journal,Debit,Credit
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