On January 1, 2019, A Corp purchased 100 of the outstanding common stock of Z Corp for $3,500,000 At that time the book value of Z Corp's net assets totaled $2,975,000 All assets and liabilities of Z Corp had book values equal to their fair values except for Book Value Fair Value Remaining Life Furniture 500,000 700,000 4 years Customer Lists 0 300,000 6 years Buildings 1,000,000 800,000 10 years Net income for the individual companies for 2019 was as follows A Corp Net Income $ 750,000 Z Corp Net Loss 300,000 As a result of Z Corp's loss, A Corp recorded an impairment loss in 2019 equal to 25 of the goodwill recorded at acquisition Compute A Corp's Consolidated Net Income for 2019 (Show all work)

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On January 1, 2019, A Corp purchased 100   of the outstanding common stock of Z Corp for $3,500,000  At that time the book value of Z Corp's net assets totaled $2,975,000  All assets and liabilities of Z Corp had book values equal to their fair values except for  Book Value Fair Value Remaining Life Furniture 500,000 700,000 4 years Customer Lists 0 300,000 6 years Buildings 1,000,000 800,000 10 years Net income for the individual companies for 2019 was as follows  A Corp  Net Income $ 750,000 Z Corp Net Loss 300,000 As a result of Z Corp's loss, A Corp recorded an impairment loss in 2019 equal to 25  of the goodwill recorded at acquisition  Compute A Corp's Consolidated Net Income for 2019  (Show all work)

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On January 1, 2019, A Corp purchased 100 % of the outstanding common stock of Z Corp for $3,500,000. At that time the book value

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