1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tresset [83]
3 years ago
11

The fair value of net identifiable assets of a reporting unit of Y Company is $270,000. The carrying value of the reporting unit

's net assets on Y Company's books is $320,000, including $50,000 of goodwill before any impairment. If the reported goodwill impairment for the unit is $10,000, what would be the fair value of the entire reporting unit?
Business
1 answer:
12345 [234]3 years ago
4 0

Answer: $310,000

Explanation:

From the question, we are informed that the fair value of net identifiable assets of a reporting unit of Y Company is $270,000 and that the carrying value of the reporting unit's net assets on Y Company's books is $320,000, including $50,000 of goodwill before any impairment. We are further told that the reported goodwill impairment for the unit is $10,000.

To calculate the fair value of the entire reporting unit, we deduct the goodwill impairment for the unit which is $10,000 from the carrying value of the reporting unit's net assets on Y Company's books which is $320,000. This will be:

= $320,000 - $10,000

= $310,000

You might be interested in
I need help with a class on e2020 the class is College and Career readiness need help fast ​
bezimeni [28]

Answer:

what's your question on it?

8 0
3 years ago
Last winter, a guest at a nearby motel fell through the ice and was not rescued in time. The motel’s name was included in news c
kaheart [24]
They should sell the info and make that cash cash money
3 0
3 years ago
Read 2 more answers
Which set of goals can at times conflict in the short run
kondor19780726 [428]
Correct Answer : C; High employment and price level stability.
7 0
3 years ago
Jason and Paula are married. They file a joint return for 2020 on which they report taxable income before the QBI deduction of $
mote1985 [20]

Answer: $28940

Explanation:

Their QBI deduction for the year goes thus:

Jason's QBI amount will be:

= $173000 × 20%

= $173000 × 0.2

= $34600

Paula's QBI amount will be:

= $28,300× 20%

= ($5660)

Therefore, their combined qualified business income will be:

= $34600 - $5660

= $28940

The overall limitation which is based on th modified taxable income will be:

= $247000 × 20%

= $49400

Since $28940 is lesser than $49400, their QBI deduction for the year is $28940

7 0
3 years ago
What are levels of production?
Vinil7 [7]

Answer:

first one

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • Muir Manufacturing produces two popular grades of commercial carpeting among its many other products. In the coming production p
    14·1 answer
  • What would one use Webex.com for? A. To distribute e-mails to a mailing list B. To post an announcement about a convention C. Fo
    7·1 answer
  • Honest tea considers themselves a​ mission-driven business. they have decided that it is important to understand the communities
    9·1 answer
  • When a multinational firm decides to sell its products abroad, one of the risks the firm faces is that the government of the for
    13·1 answer
  • Marion Company has 30,000 shares of common stock outstanding during all of 2016. This common stock has been selling at an averag
    5·1 answer
  • Martinez, Inc. reported net income of $2.5 million in 2007. Depreciation for the year was $160,000, accounts receivable decrease
    15·1 answer
  • You own a small store. Your cashier thinks you should lower prices to increase your total revenue and your friend thinks you sho
    11·1 answer
  • Classify each of the following based on the macroeconomic definitions of saving and investment.
    14·1 answer
  • a home that was purchased for $440,000 with a $320,000 loan is now worth $530,000. the current loan balance is $280,000. what is
    6·1 answer
  • Four years later: Rural mothers' and employers' perspectives on breastfeeding barriers following the passage of the Affordable C
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!