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Large Company buys Bitty Company and records $500,000 in Goodwill with the purchase. The carrying value of Bitty. including Goodwill is $600,000 and the fair

Large Company buys Bitty Company and records $500,000 in Goodwill with the purchase. The carrying value of Bitty. including Goodwill is $600,000 and the fair value of Bitty is $1.7 million. What is the impairment of Goodwill(L012-4)2 O a. $1.2 million Ob.$600,000 O c. $900,000 O d. $0

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