Mesa Corporation purchased Kwick Company€™s net assets and assigned goodwill of $80,000 to Reporting Division K. The following assets and liabilities are assigned to Reporting Division K:

Required
Determine the amount of goodwill to be reported for Division K and the amount of goodwill impairment to be recognized, if any, if Division K€™s fair value is determined to be
a. $340,000.
b. $280,000.
c.$260,000.

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Carrying Amount 14,000 Falr Value Cash nventory Equlpment Goodwill Accounts Payable 170,000 80,000 30,000 $ 14,000 1,000 90,000 30,000