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STALIN [3.7K]
3 years ago
13

In 2020, Mowchan Inc. acquired Sanchez Co. and recorded goodwill of $290 million as a result. The net assets (including goodwill

) from Mowchan’s acquisition of Sanchez Co. had a 2021 year-end book value of $1,160 million. Mowchan assessed the fair value of Sanchez at this date to be $1,020 million, while the fair value of all of Sanchez’s identifiable tangible and intangible assets (excluding goodwill) was $900 million. The amount of the impairment loss that Mowchan would record for goodwill at the end of 2021 is ____
Business
1 answer:
Stels [109]3 years ago
3 0

Answer:

$170 million

Explanation:

First we must calculate the implied fair value of goodwill:

fair value of goodwill = Sanchez's fair value - Sanchez's asset valuation = $1,020 million - $900 million = $120 million

impairment loss = recorded goodwill - fair value of goodwill = $290 million - $120 million = $170 million

An impairment loss is a loss generated by the decline of an asset's fair value.

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Answer:

The right answer is A. Liabilities increased by $1.0 million in 2018

Explanation:

During 2017 and 2018, we have the following information:

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3 years ago
The total amount that you owe for income tax in one year is your tax
Keith_Richards [23]
Yes,yes, it is.

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3 years ago
A swot analysis contributes to the strategic planning process by identifying ____ resources.
velikii [3]
Below are the resources:

<span>Logistical, human, technical, financial
</span>

A SWOT analysis is an organized arranging strategy that assesses those four components of an association, venture or business wander. A SWOT examination can be completed for an organization, item, place, industry, or individual. It includes determining the target of the business wander or extend and distinguishing the inside and outside variables that are great and negative to accomplish that goal.

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damaskus [11]

Answer:

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Explanation:

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