Business, 21.02.2020 22:19 sandyykn6031

General Products Company bought Special Products Division in 2014 and appropriately recorded $750,000 of goodwill related to the purchase. On December 31, 2015, the fair value of Special Products Division is $6,000,000 and it is carried on General Product's books for a total of $5,100,000, including the goodwill. An analysis of Special Products Division's assets indicates that goodwill of $600,000 exists on December 31, 2015. What goodwill impairment should be recognized by General Products in 2015?

a. $75,000.
b. $300,000.
c. $450,000.
d. $0.

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General Products Company bought Special Products Division in 2014 and appropriately recorded $750,00...

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