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Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does 3 CUSLOBM

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Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does 3 CUSLOBM Miations4ps o0,uu 044130 Equipment (net) Goodwill Accounts payable Long-tern liabilities 386,000 289,000 283,750 556,000 (246,000) (448,000) (178,000) (532,000) (246,000) (448,000) 10 points Prepare Francisco's journal entry to record the assets acquired and the liabilities assumed in the Beltran merger on Jan b. On December 31, 2018, Francisco opts to forgo any goodwill impairment qualitative assessment and estimates that the value of the entire Beltran reporting unit is $1,989,000. What amount of goodwill impairment, if any, shou ld Francisco re its 2018 income statement? a. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B On December 31, 2018, Francisco opts to forgo any goodwill impairment qualitative assessment and estimates that the total fair value of the entire Beltran reporting unit is $1,989,000. What amount of goodwill impairment, if any, should Francisco recognize on its 2018 income statement? Goodwill impairment loss 302,250

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