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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

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4 years ago
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Since Cholula company is sampling the new sauce at a number of supermarkets in texas, where there are multiple market segments likely to enjoy hot sauces, then, the tactics employed is called <u>motivating</u><u>.</u>

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6 0
2 years ago
What is an example of a positive incentive for consumers
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3 years ago
Read 2 more answers
What's the difference between a brand-name and a generic product? A. The company that sells the product B. The side effects of t
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A

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The quality should be about the same.

The social responsibility should also be about the same.

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The only difference is the company selling the product.

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