Question
Smith purchased perdue on Dec. 31, 2019. Balance sheet of Dec 31, 2020 are Account Amount Cash 194,000 receivables 150,000 Property, plant, equip 300,000 Goodwill
Smith purchased perdue on Dec. 31, 2019. Balance sheet of Dec 31, 2020 are
| Account | Amount |
| Cash | 194,000 |
| receivables | 150,000 |
| Property, plant, equip | 300,000 |
| Goodwill | 120,000 |
| Notes payable | 190,000 |
The fair value of the perdue including goodwill at decemeber 31, 2020 is $544,000. How much impairment loss should be recognized at decemeber 31, 2020?
A. 30,000
B. 96,000
C. 0
D. 66,000
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Analysing The Value Proposition Of The Audit Process In Africa The Case Of Malawi
Authors: Daniel Dunga
1st Edition
3659166286, 978-3659166280
