Module8P12-5

Module8P12-5 - $0 Carry Amount of Goodwill $900,000 Implied...

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Problem 12-5 a) Total Assets Total Liabilities and Equity $3,500,000 $3,500,000 Fair Value at PurchaseNet Assets 12/31/10 $2,750,000 $1,650,000 NonCurrent Assets Fair Value of Conchita Div. $2,700,000 $1,850,000 FV of CD + PPE $2,000,000 FV of Div - FV @ Purch -$900,000 b) 2750000-900000 $1,850,000 Impairment Fair Value of Conchita $1,850,000 NIA $1,850,000 Implied Value of Goodwill
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Unformatted text preview: $0 Carry Amount of Goodwill $900,000 Implied Value $0 Loss on Impairment $900,000 c) Impairment Fair Value of Conchita $1,600,000 NIA $1,850,000 Implied Value-$250,000 Carrying Amount of Goodw-$1,150,000 Implied Value-$250,000 Loss on Impairment-$900,000 d) Loss on Impairment $900,000 Goodwill $900,000...
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