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Goodwill $350,000 Carrying Amount (including goodwill) $840,000 Fair value of division $800,000 Implied value of goodwill $310,000 Prepare Journal Entry of Impairment 1055 Jam 1

Goodwill $350,000 Carrying Amount (including goodwill) $840,000 Fair value of division $800,000 Implied value of goodwill $310,000 Prepare Journal Entry of Impairment 1055 Jam 1 A Sold B mirchardise for $SK, 2/10, N/60 10A received payment from B

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