Question: on july 3 1 , 2 0 2 5 , sheridan company paid $ 2 7 5 0 0 0 0 to acquire all of

on july 31,2025, sheridan company paid $2750000 to acquire all of the common stock of conchita incorporated which became a devision (a reporting unit) of sheridan
ssuming that fair value of the conchita division is $1720000 instead of $1850,000. determined the impairment loss, if any to be recorded on december 31,2025
on july 3 1 , 2 0 2 5 , sheridan company paid $ 2

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