Question: gain should be recognized only. Also, it needs a disclosure note. 2. On August 6, 2015, Christie Inc. acquired all of the outstanding common stock

gain should be recognized only. Also, it needs a disclosure note. 2. On August 6, 2015, Christie Inc. acquired all of the outstanding common stock of Emanuel, Corp for $420 million. The fair value of Emanuel's net assets was $362 which allowed Christie to record $58 million in Goodwill. At the end of 2015, the following information was obtained in order to perform a goodwill impairment test: Fair value of Emanuel, Corp $400 million Fair value of Emanuel's net assets (excluding goodwill) $370 million.. Book value of Emanuel's net assets (including goodwill) $410 million a. Determine the amount of goodwill impairment loss that Christie should recognize b. Assume the same facts above, except that it occurred in 2020 (rather than 2015). at the end of 2015, if any. Provide supporting calculations and/or explanations Determine the amount of goodwill impairment loss that Christie should recognize at the end of 202 . 0, if any. Provide supporting calculations and/or explanations

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