On January 120X7 Proft Company purchased Strobe Companys net assets and assigned them to four separate reporting units Total goodwill of $176,000 is assigned to the reporting units as indicated

determine the amount of goodwill that proft should report at december 31 ,20x7. ( 158000 is not the answer so if thats what you get please do not respond 2 people have already put that on here and it is incorrect as you can see in ghe picture )

On January 1, 20X7, Proft Company purchased Strobe Company's net assets and assigned them to four separate reporting units. Total goodwill of $176,000 is assigned to the reporting units as indicated: Reporting Unit B $330.000 $382.ee 48.000 28,000 300,000 400,00 335,000 360.000 $700,000 60, 600,000 690,000 D $520,000 40,000 500,000 Carrying value of reporting unit at 12/31/2eX7 Goodwill included in carrying value Fair value of net identifiable assets at 12/31/20X7 Fair value of reporting unit at 12/31/20X7 Required: Determine the amount of goodwill that Proft should report at December 31, 20X7. Answer is complete but not entirely correct. Amount of goodwill $ 158,000 X On January 1, 20X7, Proft Company purchased Strobe Company's net assets and assigned them to four separate reporting units. Total goodwill of $176,000 is assigned to the reporting units as indicated: Reporting Unit A $700,000 60,000 500,000 600,000 Carrying value of reporting unit at 12/31/20x7 Goodwill included in carrying value Fair value of net Identifiable assets at 12/31/20x7 Fair value of reporting unit at 12/31/20x7 $330,000 48.000 300,000 335,000 D $520,000 40.000 500,000 585,000 $380,000 28,000 400,000 360,000