In Performing Impairment Test for Goodwill, the Company Had the Following

question 8

Short Answer

In performing impairment test for goodwill, the company had the following 20X6 and 20X7 information available. $\begin{array}{lrr} & 20 \mathrm{X} 6 & 20 \mathrm{X} 7 \\\text { F air value of the reporting unit } & \$ 350,000 & \$ 400,000 \\\text { Net book value (including } \$ 50,000 \text { goodwill) } & \$ 360,000 & \$ 380,000\end{array}$ Assume that the carry value of the identifiable assets are a reasonable approximation of their fair values. Based upon this information what are the 20X6 and 20X7 adjustment to goodwill, if any?

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Definitions:

Homeostasis

The ability or tendency of an organism or a cell to maintain internal equilibrium by adjusting its physiological processes.

Systemic Therapists

Professionals who view and treat individuals' issues within the context of their relationships, focusing on dynamics within families or groups.

Circular Questions

A technique in systemic therapy where questions are asked to explore relationships, patterns, and dynamics within a family or system.

Survival Stances

Adaptive attitudes or behaviors adopted by individuals in response to perceived threats to their well-being or existence.