Business, 05.03.2020 08:09 volocibel

1. A company reports $11.2 million in goodwill and decides to quantitatively test it for impairment at the end of 2020. The following information is collected: Division 1 Division 2 Division 3 Book value of goodwill $ 7,000,000 $ 200,000 $ 4,000,000 Fair value of division 40,000,000 6,000,000 20,000,000 Book value of division 45,000,000 6,500,000 21,000,000 2. What is the amount of goodwill impairment loss for 2020, following U. S. GAAP? A. $ 6,200,000 B. $ 6,500,000 C. $11,200,000 D. $ 6,000,000

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