Aspro Division is considered to be an individual reporting unit of Tabor Company. Tabor acquired the division by issuing 100,000 shares of its common stock with a market price of $8.00 each. Tabor management was able to identify assets with fair values of $818,000 and liabilities of $203,000 at the date of acquisition. At the end of the first year, the reporting unit had assets with a fair value of $956,000, and the fair value of the reporting entity was $936,000. Tabors accountants concluded it must recognize impairment of goodwill in the amount of $26,000 at the end of the first year.

Required:

a.	Determine the fair value of the reporting units liabilities at the end of the first year.

https://www.chegg.com/homework-help/questions-and-answers/aspro-division-considered-individual-reporting-unit-tabor-company-tabor-acquired-division--q10462233 THIS is a question and answer of this site. u can find it by the above link. #MY_QUESTION_IS ''WHAT IS THE DIFFERENCE BETWEEN THESE 2 TERMS '' REPORTING UNIT HAS ASSET WITH FAIR VALUE AND FAIR VALUE OF THE REPORTING ENTITY'' in this line At the end of the first year, the reporting unit had assets with a fair value of $956,000, and the fair value of the reporting entity was $936,000. why fair value of the entity 936,000 is used in stead of 956,000? Plz describe me what is reason. Thank you.