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WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $45 million, of which $15 million was allocated to goodwill. At
WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $45 million, of which $15 million was allocated to goodwill. At the end of the current fiscal year, an impairment test revealed the following for value of SCC, $40 million book value of SCC's not assets including goodwill, 142 million What amount of impairment loss should WebHelper recognize? (Enter your answers in millions (le, 10,000,000 should be entered as 1011 Chapter 11 - Homework o Help Save & Submit Check my work WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $45 million, of which $15 million was allocated to goodwill. At the end of the current fiscal year, an impairment test revealed the following: fair value of SCC, 540 million book value of SCC's net assets (including goodwil). $42 million What amount of impairment loss should WebHelper recognize? (Enter your answers in millions de 10.000.000 should be entered as 10). Impairment loss WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $45 million, of which $15 million was allocated to goodwill. At the end of the current fiscal year, an impairment test revealed the following for value of SCC, $40 million book value of SCC's not assets including goodwill, 142 million What amount of impairment loss should WebHelper recognize? (Enter your answers in millions (le, 10,000,000 should be entered as 1011 Chapter 11 - Homework o Help Save & Submit Check my work WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $45 million, of which $15 million was allocated to goodwill. At the end of the current fiscal year, an impairment test revealed the following: fair value of SCC, 540 million book value of SCC's net assets (including goodwil). $42 million What amount of impairment loss should WebHelper recognize? (Enter your answers in millions de 10.000.000 should be entered as 10). Impairment loss
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