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Blossom Corporation acquired EOW Products on January 1, 2025 for $5750000, and recorded goodwill of $1070000 as a result of that purchase. At December
Blossom Corporation acquired EOW Products on January 1, 2025 for $5750000, and recorded goodwill of $1070000 as a result of that purchase. At December 31, 2026, the EOW Products Division had a fair value of $4090000. The net identifiable assets of the Division (including goodwill) had a carrying value of $4790000 at that time. What amount of loss on impairment of goodwill should Blossom report in 2026? $700000 $1660000 $960000 $0
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Financial Statement Analysis
Authors: K. R. Subramanyam, John Wild
11th edition
78110963, 978-0078110962
