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Alomar Co., a consolidated enterprise, conducted an impairment review for each...
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In...
Alomar Co., a consolidated enterprise, conducted an impairment
review for each of its reporting units. In its qualitative
assessment, one particular reporting unit, Sellers, emerged as a
candidate for possible goodwill impairment. Sellers had recognized
net assets with carrying amounts totaling $1,192, including
goodwill of $705. Seller’s reporting unit fair value is assessed at
$1,184 and includes two internally developed unrecognized
intangible assets (a patent and a customer list with fair values of
$272 and $112, respectively). The following table...
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In...
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers had recognized net assets with carrying amounts totaling $1,008, including goodwill of $600. Seller’s reporting unit fair value is assessed at $978 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $132 and $142, respectively). The following table...
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In...
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers has recognized net assets of $1,087, including goodwill of $580. Seller’s fair value is assessed at $1,036 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $242 and $108, respectively). The following table summarizes current financial information for...
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In...
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers has recognized net assets of $1,542, including goodwill of $935. Seller’s fair value is assessed at $1,392 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $309 and $143, respectively). The following table summarizes current financial information for...
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In...
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers has recognized net assets of $1,366, including goodwill of $915. Seller’s fair value is assessed at $1,181 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $222 and $115, respectively). The following table summarizes current financial information for...
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for...
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers has recognized net assets of $1,132, including goodwill of $685. Seller’s fair value is assessed at $1,095 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $183 and $147, respectively). The following table summarizes current financial information for...
Destin Company recently acquired several businesses and recognized goodwill in each acquisition. Destin has allocated the...
Destin Company recently acquired several businesses and recognized goodwill in each acquisition. Destin has allocated the resulting goodwill to its three reporting units: Sand Dollar, Salty Dog, and Baytowne. Destin opts to skip the qualitative assessment and therefore performs a quantitative goodwill impairment review annually. In its current year assessment of goodwill, Destin provides the following individual asset and liability values for each reporting unit: Carrying Amounts Fair Values Sand Dollar Tangible assets $ 241,000 $ 259,600 Trademark 199,000 173,900...
Destin Company recently acquired several businesses and recognized goodwill In each acquisition. Destin has allocated the...
Destin Company recently acquired several businesses and recognized goodwill In each acquisition. Destin has allocated the resulting goodwill to its three reporting units: Sand Dollar, Salty Dog, and Baytowne. Destin opts to skip the qualitative assessment and therefore performs a quantitative goodwill Impairment review annually. In its current year assessment of goodwill, Destin provides the following individual asset and liability values for each reporting unit: Carrying Amounts Fair Values $ 267,000 $285,900 251,000 226,100 136,500 1 55,400 183,0502 (39,750) (39,750)...
Destin Company recently acquired several businesses and recognized goodwill in each acquisition. Destin has allocated the...
Destin Company recently acquired several businesses and recognized goodwill in each acquisition. Destin has allocated the resulting goodwill to its three reporting units: Sand Dollar, Salty Dog, and Baytowne. Destin opts to skip the qualitative assessment and therefore performs a quantitative goodwill impairment review annually. In its current year assessment of goodwill, Destin provides the following individual asset and liability values for each reporting unit: Carrying Amounts Fair Values Sand Dollar Tangible assets $ 247,000 $ 261,900 Trademark 187,000 164,400...
For each year determine the amount of goodwill impairment, if any. On January 1, 2013, Porsche Company acquired 100% of...
For each year determine the
amount of goodwill impairment, if any.
On January 1, 2013, Porsche Company acquired 100% of Saab Company's stock for $451,730 cash. The fair value of Saab's identifiable net assets was $376,340 on this date. Porsche Company decided to measure goodwill ble prices of similar businesses to estimate the fair value of the reporting unit (Saab). The information for these subsequent years is as follows: Year 2014 2015 2016 Present Value of Future Cash Flows $400,630...
Alomar Co., a consolidated enterprise, conducted an impairment
review for each of its reporting units. In its qualitative
assessment, one particular reporting unit, Sellers, emerged as a
candidate for possible goodwill impairment. Sellers had recognized
net assets with carrying amounts totaling $1,192, including
goodwill of $705. Seller’s reporting unit fair value is assessed at
$1,184 and includes two internally developed unrecognized
intangible assets (a patent and a customer list with fair values of
$272 and $112, respectively). The following table...
Destin Company recently acquired several businesses and recognized goodwill In each acquisition. Destin has allocated the resulting goodwill to its three reporting units: Sand Dollar, Salty Dog, and Baytowne. Destin opts to skip the qualitative assessment and therefore performs a quantitative goodwill Impairment review annually. In its current year assessment of goodwill, Destin provides the following individual asset and liability values for each reporting unit: Carrying Amounts Fair Values $ 267,000 $285,900 251,000 226,100 136,500 1 55,400 183,0502 (39,750) (39,750)...
For each year determine the
amount of goodwill impairment, if any.
On January 1, 2013, Porsche Company acquired 100% of Saab Company's stock for $451,730 cash. The fair value of Saab's identifiable net assets was $376,340 on this date. Porsche Company decided to measure goodwill ble prices of similar businesses to estimate the fair value of the reporting unit (Saab). The information for these subsequent years is as follows: Year 2014 2015 2016 Present Value of Future Cash Flows $400,630...
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