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Exercise 9 (LO 7) Goodwill impairment. Anton Company acquired the net assets of Hair Company on January 1, 2015, for $600,000. Using a business valuation
Exercise 9 (LO 7) Goodwill impairment. Anton Company acquired the net assets of Hair Company on January 1, 2015, for $600,000. Using a business valuation model, the estimated value of Anton Company was $650,000 immediately after the acquisition. The fair value of Anton's net assets was $400,000. t amount of goodwill was recorded by Anton Company when it acquired Hair Company
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