During 2009,Lexie,Inc.acquired Lena,Inc.for $10,000,000.The fair market value of the net assets of Lena,Inc.was $8,500,000 on the date of purchase.During 2012,Lexie,Inc.determined the goodwill resulting from the Lena acquisition was impaired and had a value of $1,000,000.
Definitions:
Prediction Interval
An interval estimate of a real-valued observation based on a sample of data predicting where an individual measurement will fall.
Particular Value
A specific or distinct value within a set or range of data.
Simple Linear Regression
A statistical method for modeling the relationship between a single independent variable and a single dependent variable, assuming a linear relationship.
Residuals
The differences between observed values and the values predicted by a statistical model, indicating the model's accuracy.
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