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What amount of loss on impairment of goodwill

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Question - Twilight Corporation acquired Big World Products on January 1, 2017 for $6,400,000, and recorded goodwill of $1,200,000 as a result of that purchase. At December 31, 2018, the value of $5,440,000, The net identifiable assets of the Big World (excluding goodwill) had a fair value of $4,740,000 at that time. What amount of loss on impairment of goodwill?

Reference no: EM133036629

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