Orioles company bought special products division in 2017 and appropriately recorded $741,000 of goodwill related to the purchase. on december 31, 2018, the fair value of special products division is $5,600,000 and it is carried on oriole’s books for a total of $4,700,000, including the goodwill. an analysis of special products division’s assets indicates that goodwill of $595,000 exists on december 31, 2018. what goodwill impairment should be recognized by orioles in 2018?

No goodwill impairment should be recognized by Orioles in 2018

Explanation:

Data provided in the question:

Goodwill related to the purchase = $741,000

Fair value of Special Products Division = $5,600,000

Goodwill existing on December 31, 2018 = $595,000

Now,

Here, the fair value of division including the goodwill i.e $5,600,000 is lower than the fair value of division excluding the goodwill i.e $595,000

Hence,

There will be impairment loss

Hence,

No goodwill impairment should be recognized by Orioles in 2018

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol

answer; commerce clearing house;