Question
The fair value of net identifiable assets of a reporting unit of X Company is $300,000. On X Company's books, the carrying value of this
The fair value of net identifiable assets of a reporting unit of X Company is $300,000. On X Company's books, the carrying value of this reporting unit's net assets is $350,000, including $60,000 goodwill. If the fair value of the reporting unit is subsequently $335,000, what amount of goodwill impairment will be recognized for this unit?
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Fraud Examination
Authors: W. Steve Albrecht, Conan C. Albrecht, Chad O. Albrecht, Mark F. Zimbelman
3rd edition
324560842, 978-0324560848
