Multiple Choice
In 2015,Antle Inc.had acquired Demski Co.and recorded goodwill of $245 million as a result.The net assets (including goodwill) from Antle's acquisition of Demski Co.had a 2016 year-end book value of $580 million.Antle assessed the fair value of Demski at this date to be $700 million,while the fair value of all of Demski's identifiable tangible and intangible assets (excluding goodwill) was $550 million.The amount of the impairment loss that Antle would record for goodwill at the end of 2016 is:
A) $150 million.
B) $ 95 million.
C) $0.
D) None of these answer choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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