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Pronghorn Corporation purchase Johnson company three years ago and at that time recorded goodwill of $440,000. The Johnson division that assets including the good will
Pronghorn Corporation purchase Johnson company three years ago and at that time recorded goodwill of $440,000. The Johnson division that assets including the good will have a caring amount of $880,000. The fair value of the division is estimated to be $1,080,000. Prepare longhorn journal entry to record impairment of the Goodwill
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