Multiple Choice
Parsons Company acquired 90% of Roxy Company several years ago and recorded goodwill of $200,000 at that date. During 2013 an analysis of the fair value of Roxy's assets determined an impairment of goodwill in the amount of $50,000. At what amount would consolidated goodwill be reported for 2013?
A) $150,000
B) $200,000.
C) $50,000.
D) $0.
E) $135,000.
Correct Answer:
Verified
Correct Answer:
Verified
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