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Save Question 7 2.5 points At 1/1/2020 Mohammad Corp purchased Joliechic Division, and at that time recorded goodwill of $350,000. AL 31/12/2023 Joliechie division's net
Save Question 7 2.5 points At 1/1/2020 Mohammad Corp purchased Joliechic Division, and at that time recorded goodwill of $350,000. AL 31/12/2023 Joliechie division's net assets, including goodwill have a carrying amount of S720,000. The recoverable amount of Joliechic division's net assets is estimated to be $410,000. And at 31/12/2024 the recoverable amount of Joliechic division's net assets exceeds its carrying amount by S40,000, what is the amount of goodwill to be reported at 31/12/2024: Zero 40,000 80.000 350.000 none of the above
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