The Fair Value of Net Identifiable Assets of a Reporting

question 45

Multiple Choice

The fair value of net identifiable assets of a reporting unit of X Company is $300,000.On X Company's books,the carrying value of this reporting unit's net assets is $350,000,including $60,000 goodwill.If the fair value of the reporting unit is subsequently $335,000,what amount of goodwill impairment will be recognized for this unit?

• A)$0
• B)$10,000
• C)$25,000
• D)$35,000

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