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Business, 23.10.2019 04:00 luludawn2455

Inc. acquired 100% of the outstanding stock of silicon chips corporation (scc) for $45 million, of which $15 million was allocated to goodwill. at the end of the current fiscal year, an impairment test revealed the following: fair value of scc, $40 million; book value of scc’s net assets (including goodwill), $42 million. what amount of impairment loss should recognize?

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Inc. acquired 100% of the outstanding stock of silicon chips corporation (scc) for $45 million, of w...
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