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Make marigolds journal entry

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Question - Marigold Corporation purchased Splish Brothers Company 3 years ago and at that time recorded goodwill of $480,000. The Splish Brothers Division's net assets, including the goodwill, have a carrying amount of $850,000. The fair value of the division is estimated to be $794,000. Make Marigolds' journal entry, if necessary, to record impairment of the goodwill?

Reference no: EM133085080

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