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Goodwill Impairment Test-After Adoption of FASB ASU 2017-04 Assume the equity method Equity Investment account relating to a subsidiary has a reported balance of $2,950,000, including $150,000 of Goodwill. The fair value of the subsidiary is 52.750.000. The fair value of the subsidiary's individually identifiable net assets is $2.500,000. The subsidiary has only one reporting unit, which is the same as the overall entity For this fact set determine whether Goodwill is impaired and, if so, the amount of imparment assuming the parent company has previously adopted FASB ASU 2017-04 Enter the impairment amount below. If Goodwill is not impaired enterer 5 Support Prepare the required journal entry if you determine Goodwill is impaired of Goodwill is not impaired, select "No entry" as your answers under Description and leave the Debit and credit answers blank (zero) Description How would your answer above change it all of the information is the same except the fair value for the subsidiary is $2.810.0001 Goodwill is not impared, select "No entry as your answers under Description and leave the Debt and credit answer bank trol Description Debit Credit Goodwill Impairment Test-After Adoption of FASB ASU 2017-04 Assume the equity method Equity Investment account relating to a subsidiary has a reported balance of $2,950,000, including $150,000 of Goodwill. The fair value of the subsidiary is 52.750.000. The fair value of the subsidiary's individually identifiable net assets is $2.500,000. The subsidiary has only one reporting unit, which is the same as the overall entity For this fact set determine whether Goodwill is impaired and, if so, the amount of imparment assuming the parent company has previously adopted FASB ASU 2017-04 Enter the impairment amount below. If Goodwill is not impaired enterer 5 Support Prepare the required journal entry if you determine Goodwill is impaired of Goodwill is not impaired, select "No entry" as your answers under Description and leave the Debit and credit answers blank (zero) Description How would your answer above change it all of the information is the same except the fair value for the subsidiary is $2.810.0001 Goodwill is not impared, select "No entry as your answers under Description and leave the Debt and credit answer bank trol Description Debit Credit