Barcode Corporation Acquired 70% of the Common Stock of a Russian

question 35

Multiple Choice

Barcode Corporation acquired 70% of the common stock of a Russian company on January 1,20X6.The goodwill associated with this acquisition was $12,520.Exchange rates at various dates during 20X6 follow:

Goodwill suffered an impairment of 25 percent during the year.If the functional currency is the Russian ruble,how much goodwill impairment loss should be reported on Barcode's consolidated statement of income for 20X6?

• A) $3,130
• B) $3,100
• C) $3,090
• D) $3,080

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Definitions:

Field Checkout

The process of verifying and testing equipment and systems at the job site to ensure proper operation according to design specifications.

Commissioning

The process of verifying and checking that a new or modified system performs according to its design specifications and requirements before full operation.

I/O Module

A plug-in assembly, containing two or more identical input or output circuits, that contain the connections between a processor and connected devices.

Analog Modules

Components of an automation system that handle analog signals, converting between physical real-world analog inputs and outputs and their digital representations.