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Goodwill Assigned to Multiple Reporting Units The fair values of assets and liabilities held by three reporting units and other information related to the reporting units owned by Prover Company are as follows: P1-33 Reporting Unit Cash & Receivables Inventory Land Buildings Equipment Accounts Payable Fair Value of Reporting Unit Carrying Value of Investment Goodwill Included in Carrying Value 60,000 20,000 100,000 140,000 40,000 400,000 420,000 70,000 30,000 80,000 100,000 30,000 150,000 90,000 60,000 440,000 500,000 50,000 $20,000 40,000 10,000 80,000 50,000 10,000 265,000 290,000 40,000 Required a. Determine the amount, if any, that Prover should report as a goodwill impairment for the current period b. Determine the amount of goodwill that Prover should report in its current financial statementsCan you help me with this question?

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lassmate Date Answer roocoill to be neported by Pooes Compony Carrsin mPli edgoodoill at year-end $ 90,000 350,000 $15, 000 Groodaoill tobe reported $ T0,000 350,000 $40000 Total goodwill to ber epozted Do Reportinm onitA Reporting unit at year -end 70,000 $SO 000 $ 40,000 3 160,000 Compiatation of impled Goodcoi Reporting opit A hair«olue of epoyong unit Fair va lue o F identified assets 3SD,000 fair value of Accounts payable C40,000 Fairvalue of Net asset L00,000 310,000 江mplied gooolco il 1 al tear-end Re posting onit B $90,000 $440,000 oF reporting onits Fair value oF identified aset 4s 0000 Falr value of Acrounts porable 60 000) $3 90,000 $ SO 000Date Page Faiy value of eporting onits 5 265,000 fais valae of iclentifed Assets$2 00000 fair value of Net asser gmplied bodi

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