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View Policies Current Attempt in Progress On May 31, 2018, Armstrong company paid $3,500,000 to acquire all of the common sto

Part 2 please, show work.

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Part 2

Impairment loss

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No impairment loss is recorded, as the fair value of Hall Corporation ($2,200,000) is greater than the carrying value ($2,000,000) of the new assets.

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