Question: pom (5) possible This question: 1 point(s) possible Submit quiz On December 31, Star Corp had a reporting unit that had a book value of

pom (5) possible This question: 1 point(s) possible Submit quiz On

pom (5) possible This question: 1 point(s) possible Submit quiz On December 31, Star Corp had a reporting unit that had a book value of $950,000, including goodwill of $130,000. As part of the company's annual review of goodwill impairment, Star determined that the fair value of the reporting unit was $890,000 Slar assigned $840,000 of the reporting unit's fair value to its assets and liabilities other than goodwill. What is the goodwill impairment loss to be reported on December 31 under U.S. GAAP? O A. $50,000 OB. 560.000 O C. 580.000 OD. $110,000

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