Answer and explanation for 4 & 5 please.

40.000 from the Tear should reco 3. Tear Company, a newly establisheU SUUUU original cost of $260.000. a fair value of $200,000, and a book value of SA parent in exchange for 7,000 shares of Tear's $8 par value common stock. Tear a. Additional paid-in capital of $0. b. Additional paid-in capital of $84,000. C. Additional paid-in capital of $144,000. d. Additional paid-in capital of $204,000. 4. Grout Company reports assets with a carrying value of $420,000 (including goodwill carrying value of $35,000) assigned to an identifiable reporting unit purchased at the the prior year. The fair value of the net assets held by the reporting unit is currently and the fair value of the reporting unit is $395,000. At the end of the current period should report goodwill of a. $45,000. b. $35,000. C. $25,000 d. $10,000. ing goodwill with a ased at the end of it is currently $350,000 5. Twill Company has a reporting unit with the fair value of its net identifiable assets of $500.000 The carrying value of the reporting unit's net assets on Twill's books is $575,000, which includes $90,000 of goodwill. The fair value of the reporting unit is $560,000. Twill should report impairment of goodwill of a. $60,000. b. $30,000. c. $15,000. d. $0