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Blossom company bought General Products Division in 2025 and recorded $767,000 of goodwill related to the purchase. On December 31, 2026 the fair value of
Blossom company bought General Products Division in 2025 and recorded $767,000 of goodwill related to the purchase. On December 31, 2026 the fair value of General Products Division is $ 4,551,000 and it is carried on Blossom's books for $ 5,216,000, including the goodwill. What amount of goodwill impairment should recognized by General Products in 2026?
- $0
- $152000
- $767000
- $665000
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