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

question 23

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 U.S.dollar,how much goodwill impairment loss should be reported on Barcode's consolidated statement of income for 20X6?

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

---

Definitions:

Psychotherapy Works

Psychotherapy involves therapeutic techniques to treat mental health problems and emotional challenges by understanding and changing behavior, thoughts, emotions, and perceptions.

Mild Psychological Problems

Mild Psychological Problems denote less severe mental health issues that can impact daily living but do not significantly impair functioning, such as minor anxiety or depression.

Formal Therapy

Structured psychological treatment provided by a professional therapist in a clinical setting to address mental health issues.

Severe Disorders

Severe Disorders are intense, often debilitating conditions which significantly impact an individual's functioning in daily life; these can be mental, physical, or a combination of both.