{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T18:11:53-04:00", "answer_date": "2024-05-26 18:11:53", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1753575", "url": "\/study-help\/questions\/alomar-co-a-consolidated-enterprise-conducted-an-impairment-review-for-1753575", "question_creation_date_js": "2024-05-26T18:11:53-04:00", "question_creation_date": "May 26, 2024 06:11 PM", "meta_title": "[Solved] Alomar Co., a consolidated enterprise, co | SolutionInn", "meta_description": "Answer of - Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitat | SolutionInn", "meta_keywords": "alomar,.,consolidated,enterprise,conducted,impairment,review,reporting,units,qualitative,assessment,one", "question_title_h1": " Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers,", "question_title": " Alomar Co., a consolidated enterprise, conducted an impairment review for each", "question_title_for_js_snippet": "Alomar Co , a consolidated enterprise, conducted an impairment review for each of its reporting units In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment Sellers had recognized net assets with carrying amounts totaling $1,101, including goodwill of $680 Seller's reporting unit fair value is assessed at $1,055 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $189 and $105, respectively) The following table summarizes current financial information for the Sellers reporting unit Carrying Fair Amounts Values Tangible assets, net $127 $175 Recognized intangible assets, net Goodwill 2941 339 680 Unrecognized intangible assets 0 294 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 a Goodwill impairment loss b Tangible assets, net Goodwill Patent Customer list Amounts", "question_description": "\"image", "transcribed_text": "Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers had recognized net assets with carrying amounts totaling $1,101, including goodwill of $680. Seller's reporting unit fair value is assessed at $1,055 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $189 and $105, respectively). The following table summarizes current financial information for the Sellers reporting unit: Carrying Fair Amounts Values Tangible assets, net $127 $175 Recognized intangible assets, net Goodwill 2941 339 680 ? Unrecognized intangible assets 0 294 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? a. Goodwill impairment loss b. Tangible assets, net Goodwill Patent Customer list Amounts", "related_book": { "title": "College Accounting A Practical Approach", "isbn": "978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233", "edition": "12th edition", "authors": "Jeffrey Slater", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/294.jpg", "uri": "\/textbooks\/college-accounting-a-practical-approach-12th-edition-294", "see_more_uri": "" }, "free_related_book": { "isbn": "1610395395", "uri": "\/textbooks\/guide-to-organisation-design-creating-high-performing-and-adaptable-enterprises-2nd-edition-978-1610395397-125607", "name": "Guide To Organisation Design Creating High Performing And Adaptable Enterprises", "edition": "2nd Edition" }, "question_posted": "2024-05-26 18:11:53", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/assume-that-the-central-bank-decides-to-sell-government-bonds-323352", "description": "Assume that the Central bank decides to sell government bonds to the commercial banks. a.) 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