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Parsons Company Acquired 90% of Roxy Company Several Years Ago

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Parsons Company acquired 90% of Roxy Company several years ago for which the consideration transferred included an amount paid for goodwill of $200,000 at that date. During 2020 an analysis of the fair value of Roxy's assets determined an impairment of goodwill in the amount of $50,000.At what amount would consolidated goodwill be reported for 2020?


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Dangling Modifier

A word or phrase that modifies a word not clearly stated in the sentence, often leading to confusing and grammatically incorrect sentences.

Misplaced Modifier

A grammatical error where a modifier (word, phrase, or clause) is placed in a sentence in such a way that it appears to modify an unintended word, leading to ambiguity or confusion.

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