Regular Corp. has four divisions. One of them, Yulon Products, was acquired on January 1, 2016, for $89,000,000, and recorded goodwill of $9,000,000 as a result of that purchase. Yulon Products is a reporting unit of the company. At December 31, 2017, Yulon Products had a fair value (including goodwill) of $68,000,000. The book value of the division's net assets (including goodwill) at December 31, 2017 was $79,000,000. What was the impairment loss for goodwill at December 31, 2017?
A) $79,000,000
B) $11,000,000
C) $9,000,000
D) $0
Correct Answer:
Verified
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