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Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng
Edition 11ISBN: 978-0538480284Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng
Edition 11ISBN: 978-0538480284 Exercise 19
Part C. Revisit the information in Part A that illustrates the reporting unit valuation procedure.
Assume that by fiscal year-end, December 31, 2011, events occur that suggest goodwill could be impaired. You have the following information. These new estimates are made at the end of the first year:
Has goodwill been impaired? Perform the impairment testing procedure. If goodwill has been impaired, calculate the adjustment to goodwill and make the needed entry.
Assume that by fiscal year-end, December 31, 2011, events occur that suggest goodwill could be impaired. You have the following information. These new estimates are made at the end of the first year:
Has goodwill been impaired? Perform the impairment testing procedure. If goodwill has been impaired, calculate the adjustment to goodwill and make the needed entry.
Explanation
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Calculated implied remaining goodwill :
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Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng
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