Business, 28.02.2020 19:27, rebecca7415
Parsons Company acquired 90% of Roxy Company several years ago and recorded goodwill of $200,000 at that date. During 2015 an analysis of the fair value of Roxy's assets determined an impairment of goodwill in the amount of $50,000. At what amount would consolidated goodwill be reported for 2015? ๎ฉ
a. $50,000.
b. $0.
c. $200,000.
d. $150,000.
e. $135,000.
Answers: 3
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Parsons Company acquired 90% of Roxy Company several years ago and recorded goodwill of $200,000 at...
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