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Hello, someone answered 257,500 for A) and zero for B) which is incorrect, can you help with goodwill? I'm not getting it The fair values
Hello, someone answered 257,500 for A) and zero for B) which is incorrect, can you help with goodwill? I'm not getting it
The fair values of assets and liabilities held by three reporting units and other information related to the reporting units owned by Prover Company are as follows: Cash & Receivables Inventory Land Buildings Equipment Accounts Payable Fair Value of Reporting Unit Carrying Value of Investment Goodwill Included in Carrying Value Reporting Unit A B $ 43,000 $115,100 $ 29,100 87,300 145,500 58,200 29,100 44,300 15, 200 152,000 228,000 121,600 212,800 136,800 76,000 60, 800 91,200 15,200 608,000 668,800 402,800 638,400 770,000 440, 800 106,400 90, 300 60, 800 Required: a. Determine the amount, if any, that Prover should report as a goodwill impairment for the current period. b. Determine the amount of goodwill that Prover should report in its current financial statementsStep by Step Solution
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