Multiple Choice
The fair value of net identifiable assets exclusive of goodwill 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 $335,000, what amount of goodwill impairment will be recognized for this unit?
A) $0
B) $10,000
C) $25,000
D) $35,000
Correct Answer:
Verified
Correct Answer:
Verified
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