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notka56 [123]
3 years ago
5

Pout Company reports assets with a carrying value of $420,000 (including goodwill with a carrying value of $35,000) assigned to

an identifiable reporting unit purchased at the end of the prior year. The fair value of the reporting unit is currently $350,000, and the carrying value of the net assets held by the reporting unit is $330,000. At the end of the current period, Pout should report goodwill of
Business
1 answer:
fiasKO [112]3 years ago
7 0

Answer:

Pout should report goodwill of $20,000

Explanation:

Pout Company's assets with a carrying value = $420,000

Goodwill = $35,000

Pout Company's net assets carrying value = 420,000-35,000 = $385,000

Fair value of the reporting unit is currently = $350,000

Fair Value of Net assets = 350000-35000 = $315,000

Carrying value of the net assets held by the reporting unit = $330,000

Goodwill Impairment = 330,000 - 315,000 = 15,000

Value of Goodwill after impairment = 35,000-15,000 = 20,000

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3 years ago
In Dart Co.'s Year 2 single-step income statement, as prepared by Dart's controller, the section titled "Revenues" consisted of
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  • what amount should Dart report as total revenues?

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The standard materials cost to produce one unit of product m is 6 pounds of material at a standard price of $50 per pound. in ma
Musya8 [376]
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3 years ago
Indirect materials include ______. multiple choice question. supervisor salaries salt and pepper laptop computer keyboards facto
Kobotan [32]

Indirect materials include <u>salt and pepper.</u>

<u></u>

<u></u>

<u></u>

What are indirect materials ?

  • Indirect materials are goods that, while part of the overall manufacturing process, are not integrated into the final product.
  • For example, disposable gloves, personal protective equipment, tape, etc., may be essential to a production line, but they are not part of the actual product created on that line.
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  • Unlike indirect materials, direct materials are components that are integrated into a manufactured product.
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To know more about indirect materials, refer:

brainly.com/question/14896549

#SPJ4

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2 years ago
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