Regular Corp. has four divisions. One of them, Yulon Products, was acquired on January 1, 2016,...
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Regular Corp. has four divisions. One of them, Yulon Products, was acquired on January 1, 2016, for $82,000,000, and recorded goodwill of $10,000,000 as a result of that purchase. At December 31, 2017, Yulon Products had a fair value (including goodwill) of $66,000,000. The book value of the company's net assets (without goodwill) at December 31, 2017 was $79,000,000. For 2017, Regular reported a loss on impairment of goodwill of $8,000,000. What was the fair value of the company's net assets (without goodwill) at December 31, 2017? $64,000,000 $58,000,000 $69,000,000 $74,000,000 Regular Corp. has four divisions. One of them, Yulon Products, was acquired on January 1, 2016, for $82,000,000, and recorded goodwill of $10,000,000 as a result of that purchase. At December 31, 2017, Yulon Products had a fair value (including goodwill) of $66,000,000. The book value of the company's net assets (without goodwill) at December 31, 2017 was $79,000,000. For 2017, Regular reported a loss on impairment of goodwill of $8,000,000. What was the fair value of the company's net assets (without goodwill) at December 31, 2017? $64,000,000 $58,000,000 $69,000,000 $74,000,000
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Financial Accounting Information for Decisions
ISBN: 978-1259533006
8th edition
Authors: John J. Wild
Posted Date:
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