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Information has been collected regarding Orange Companys casth-generating unit that includes goodwill. At 31 December 205, the assets of the Orange Company's cash-generating unit are
Information has been collected regarding Orange Companys casth-generating unit that includes goodwill. At 31 December 205, the assets of the Orange Company's cash-generating unit are shown as follows (in millions) on the company's SFP. An impairment test indicates that the recoverable amount assigned to the assets of this CGU is $5,850 million. The assets are not separable-they must be operoted or sold together as a group Required: 1. Prepare an adjusting journal entry to record the impairment. If no entry is requlred for a transoctlen/event, select "No journal entry requlred* In the first account feld. Round your Intermedlate percentoge answers to the nearest whole number (l.e. 0.12. should be consldered os 12% ) and final answers to the nesrest whole dollar amount. Enter the amounts In millions.] Journal entry worksheet Record the adjusting entry for impairment of all the assets in the group. 2. This part of the question is not part of your Connect assignment
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