Question: On May 2 8 , 2 0 2 4 , Pesky Corporation acquired all of the outstanding common stock of Harman, Incorporated, for $ 6

On May 28,2024, Pesky Corporation acquired all of the outstanding common stock of Harman, Incorporated, for $600 million. The fair value of Harman's identifiable tangible and intangible assets totaled $638 million, and the fair value of liabilities assumed by Pesky was $172 million.
Pesky performed a goodwill impairment test at the end of its fiscal year ended December 31,2024. Management has provided the following information:
Fair value of Harman, Incorporated$ 580millionFair value of Harman's net assets (excluding goodwill)520millionBook value of Harman's net assets (including goodwill)606million

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