Question
On June 1, 2014, Liberty Bicycles acquired Superior Scooters for $25 million. Liberty recorded $3.1 million in goodwill as a result of the purchase. As
On June 1, 2014, Liberty Bicycles acquired Superior Scooters for $25 million. Liberty recorded $3.1 million in goodwill as a result of the purchase. As of December 31, 2017, the Superior Scooters division of Liberty Bicycles had a fair value of $25.4 million, and the division's net identifiable assets (including goodwill) had a fair value of $24.9 million. Given this information, Liberty should record a _______ loss on impairment of goodwill in 2017.
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Cost Management
Authors: Don R Hansen, Maryanne M Mowen, Dan L Heitger
5th Edition
357141091, 978-0357141090
