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Current Attempt in Progress Blossom Corporation acquired EOW Products on January 1, 2025 for $6300000, and recorded goodwill of $1180000 as a result of that
Current Attempt in Progress Blossom Corporation acquired EOW Products on January 1, 2025 for $6300000, and recorded goodwill of $1180000 as a result of that purchase. At December 31, 2026, the EOW Products Division had a fair value of $4629000. The net identifiable assets of the Division (including goodwill) had a carrying value of $5340000 at that time. What amount of loss on impairment of goodwill should Blossom report in 2026? $1671000 $711000 $960000 $0 Attempts: 0 of 1 used
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