Question: WebHelper Inc acquired 100 of the outstanding stock of Silicon

WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $45 million, of which $15 million was allocated to goodwill. At the end of the current fiscal year, the annual impairment test revealed the following: fair value of SCC, $40 million; fair value of SCC's net assets (excluding goodwill), $31 million; book value of SCC's net assets (including goodwill), $42 million. What amount of impairment loss should WebHelper recognize?




Sale on SolutionInn
Sales2
Views419
Comments
  • CreatedJuly 02, 2013
  • Files Included
Post your question
5000