Question: Plasher Company has a reporting unit resulting from an earlier business combination. The reporting unit's current assets and liabilities are Carrying Amount Fair Value

Plasher Company has a reporting unit resulting from an earlier business combination.

Plasher Company has a reporting unit resulting from an earlier business combination. The reporting unit's current assets and liabilities are Carrying Amount Fair Value Cash Inventory $ 30,000 $ 30,000 70,000 100,000 Land 30,000 60,000 Buildings 210,000, 230,000 Equipment 160,000 170,000 Goodwill 150,000 Notes Payable 100,000 100,000 Required Determine the amount of goodwill to be reported and the amount of goodwill impairment, if any, if the total fair value of the reporting unit is estimated to be 7. $580,000. ). $540,000. 2. $500,000. 1. $460,000. Juwan Clayton 4:37 PM

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