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Pritchett Company Recently Acquired Three Businesses, Recognizing Goodwill in Each

Question 35

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Pritchett Company recently acquired three businesses, recognizing goodwill in each acquisition. Destin has allocated its acquired goodwill to its three reporting units: Apple, Banana, and Carrot. Pritchett provides the following information in performing the 2011 annual review for impairment: Pritchett Company recently acquired three businesses, recognizing goodwill in each acquisition. Destin has allocated its acquired goodwill to its three reporting units: Apple, Banana, and Carrot. Pritchett provides the following information in performing the 2011 annual review for impairment:   How much goodwill impairment should Pritchett report for 2011? How much goodwill impairment should Pritchett report for 2011?

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