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Question 10 (1 point) Listen In September Y4, Princes Corporation acquired Royal Incorporated for a cash payment of $864,300. At the time of the purchase,

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Question 10 (1 point) Listen In September Y4, Princes Corporation acquired Royal Incorporated for a cash payment of $864,300. At the time of the purchase, Royal's statement of financial position showed assets of $890,600, liabilities of $469,700, and owners' equity of $420,900. The fair value of Royal's assets is estimated to be $1,162,900. Assume that Princes Corporation is a public company and that the goodwill was allocated entirely to one cash-generating unit (GU). Two years later, the CGU's carrying amount is $3,530,300, the value in use is $3,458,200, and the fair value less costs to sell is $3,058,200. Goodwill is O impaired by $472,100. not enough information is provided to assess impairment. impaired by $72,100. not impaired

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