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Parsons Company acquired 90% of Roxy Company several years ago for which the consideration transferred included an amount paid for goodwill of $200,000 at
Parsons Company acquired 90% of Roxy Company several years ago for which the consideration transferred included an amount paid for goodwill of $200,000 at that date. During 2020 an analysis of the fair value of Roxy's assets determined an Impairment of goodwill In the amount of $50,000. At what amount would consolidated goodwill be reported for 2020? Multiple Choice $150,000. $200,000. $50,000. $0. $135,000.
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