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Business, 26.06.2020 15:01 joyelewis58

On December 31, the fair value of Carley is estimated to be $720,000 and the implied fair value of goodwill is $170,000. The carrying value of Carley's net assets, including the goodwill, at year-end is $750,000. Prepare Vinson's journal entry, if necessary, to record impairment of goodwill. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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On December 31, the fair value of Carley is estimated to be $720,000 and the implied fair value of g...

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