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QUESTION 17 Following information relates to Arcon Company: BV of assets = $140,000 (including the BV of goodwill of $40,000); Market Value of the Business

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QUESTION 17 Following information relates to Arcon Company: BV of assets = $140,000 (including the BV of goodwill of $40,000); Market Value of the Business = $100,000 Fair Value of the net assets = $85,000 What amount of goodwill impairment should be recorded for Arcon? $25,000 $15,000 $40,000 $65,000

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