Cash $60,000 Accounts payable $150,000 Receivables 85,000 Stockholders Equity 380,000 Inventory 130,000 Total Liabilities and Equity 530,000

Fantastic news! We've Found the answer you've been seeking!

Question:

Cash $60,000 Accounts payable $150,000 Receivables 85,000 Stockholder’s Equity 380,000 Inventory 130,000 Total Liabilities and Equity 530,000 Land 75,000 Buildings (net) 65,000 Goodwill 115,000 Total Assets 530,000 The recorded amounts reflect current values except for land (fair value of $90,000), and building (fair value of $95,000). If the fair value of the corporation is $320,000,

what would be value of goodwill after determining the impairment loss?

Multiple Choice

$8,000

$10,000

$105,000

$55,000