Copy of Acct - Practice Company recently acquired three...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Company Pat Tangible assets $300,000  $320,000  Trademark $20,000  $10,000  Licenses $85,000  $90,000  Liabilities $20,000  $20,000  Goodwill $130,000       ? Nick Tangible assets $250,000  $400,000  Trademark $25,000  $50,000  Licenses $18,000  $18,000  Goodwill $140,000       ? Diane Tangible assets $120,000  $120,000  Unpatented technology $0  $50,000  Customer list $35,000  $45,000  Goodwill $75,000       ? Practice Company recently acquired three businesses, recognizing goodwill in eac following information in performing the 2009 annual review for impairment:  Carrying Value   Fair Value  (A) Which of Practice's reporting units require both steps to test for goodwill impair (B) How much goodwill impairment should Practice report for 2009?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
$525,000  $450,000  $215,000  h acquisition. Acquired goodwill was allocated to the three reporting units: Pat, Nick and Diane. Practice p  Valuation of Reporting Unit  (including goodwill)  irment?
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 10

Copy of Acct - Practice Company recently acquired three...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online