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Business, 26.11.2019 06:31 trentonmccary2096

On may 28, 2021, pesky corporation acquired all of the outstanding common stock of harman, inc., for $540 million. the fair value of harman's identifiable tangible and intangible assets totaled $596 million, and the fair value of liabilities assumed by pesky was $170 million. pesky performed a goodwill impairment test at the end of its fiscal year ended december 31, 2013. management has provided the following information:

fair value of harman, inc. $ 520 million
fair value of harman's net assets (excluding goodwill)
460 million
book value of harman's net assets (including goodwill)
534 million

required:
1.
determine the amount of goodwill that resulted from the harman acquisition. (enter your answer in millions.)

2.
determine the amount of goodwill impairment loss that pesky should recognize at the end of 2013, if any. (enter your answers in millions.)

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On may 28, 2021, pesky corporation acquired all of the outstanding common stock of harman, inc., for...
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