Question: please help , I need the answer very fast , I only have 30 minutes 2 Moving to another question will save this response Of

2 Moving to another question will save this response Of Question 4 45 point On June 31 2019. Mueste cos que all of the common stock of Golden Company, which became a dio of Majestic Co. Golden reported the followme fiumid position at the time of the acque Golden Copy Statement of Financial Position Equity and liability Plants (not) SI OS0.000 Share capital ordinary 5950,000 Inventory 375.000 Rated 900.000 Receivables 650,000 Accounts payable 175.000 Cash 250.000 Total assets 25.000 Totality and liabilitats $225.000 Asset An appraisalandicated that the value of the entry was $335.000 and the fair value of the plant asta was $1.350.000 The pred phase 57.500.000, amount was paid in cash to the previous owners of Golden Company Required: Prepare the entry to record the purch of Golden Company Assume that the carrying amount of Golden Company divisions et assets including goodwill is 52 700.000. The recoverable amount of the division is estimated to be $2,600 000. Prepare the journal entry to record the impairment loss of any on December 31, 2019
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