Question
Assume that Martinez is a private entity and tested its goodwill for impairment on December 31, 2021. Management determined that the reporting units carrying amount
Assume that Martinez is a private entity and tested its goodwill for impairment on December 31, 2021. Management determined that the reporting units carrying amount (including goodwill) was $533,000 and that the reporting units fair value (including goodwill) was $462,000 Determine if there is any impairment and prepare any necessary entry on December 31, 2021. Martinez applies.
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Impairment loss carrying amount fair value 533000462000 71000 The company ca...
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
