Question $4$

Partially correct

Mark $11\mathrm{.}43$ out of $20\mathrm{.}00$

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Goodwill Impairment Test the subsidiary's individually identifiable net assets is $$7,525,000.$ The subsidiary has only one reporting unit, which is the same as the overall entity.

For this fact set, determine whether Goodwill is impaired and, if so$,$ the amount of impairment.

Enter the impairment amount below. If goodwill is not impaired, enter zero.

Prepare the required journal entry if you determine Goodwill is impaired.

If goodwill is not impaired, select $"$No entry" as your answers under Description and leave the Debit and Credit answers blank $($zero$).$

$\backslash$table$[[$Description$,,$Debit,Credit$],[$Equity income from subsidiary,larr$,,0vv$