Following its acquisition of the net assets of Dan Company, Empire Company assigned goodwill of $60,000 to one of the reporting divisions. Information for this division follows:
-Based on the preceding information,what amount of goodwill impairment will be recognized for this division if its fair value is determined to be $195,000?
A) $5,000
B) $30,000
C) $60,000
D) $55,000
Correct Answer:
Verified
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