Multiple Choice
Tokyo Enterprises has four divisions.It acquired on of them, Green Products, on January 1, 2011 for ¥480,000,000, and recorded goodwill of ¥60,900 as a result of that purchase.At December 31, 2011, Green Products had a recoverable amount of ¥444,000,000.The carrying value of the Company's net assets at December 31, 2011 was ¥426,000,000(including goodwill) .What amount of loss on impairment of goodwill should Tokyo record in 2011?
A) ¥ -0-
B) ¥18,000,000
C) ¥36,000,000
D) ¥54,000,000
Correct Answer:
Verified
Correct Answer:
Verified
Q5: How should research and development costs be
Q9: Operating losses incurred during the start-up years
Q11: The intangible asset goodwill may be<br>A) capitalized
Q35: In a business combination, a company assigns
Q65: If the recoverable amount of an indefinite-life
Q74: Which of the following intangible assets should
Q90: Costs incurred internally to create intangibles are<br>A)
Q107: Leeper Corporation incurred the following costs in
Q112: Which of the following costs incurred internally
Q115: Loazia Inc.incurred the following costs during the