User Account

All Pages

What amount of loss on impairment of goodwill record

Assignment Help Accounting Basics
Reference no: EM132251823

Question - Pharoah Corporation acquired End-of-the-World Products on January 1, 2017 for $6600000, and recorded goodwill of $1240000 as a result of that purchase. At December 31, 2018, the End-of-the-World Products Division had a fair value of $5640000. The net identifiable assets of the Division (excluding goodwill) had a fair value of $4936000 at that time. What amount of loss on impairment of goodwill should Pharoah record in 2018?

$960000

$536000

$0

$424000

Reference no: EM132251823

Questions Cloud

Diluted naoh solution : 1. Calculate the molarity of 79.3 ml of diluted NaOH solution prepared from 25.6 ml of 7.8 M NaOH stock solution.
What is the molarity of the naohsolution : If 44.9 ml of 0.179 M hydrochloric acid requires 21.2 ml of the NaOH solution to reach the endpoint, what is the molarity of the NaOHsolution?
Discuss how the library will affect the learning process in : Q1. Discuss how the library will affect the learning process in Universities. Q2. Discuss the listening strategies with reference to an interview set up.
What is the partial pressure of gas : Voyager 7 has obtained the composition of the atmosphere of Titan, Saturn's largest moon. The total pressure is 1220 mm Hg and the atmosphere
What amount of loss on impairment of goodwill record : Pharoah Corporation acquired End-of-the-World Products on January 1, 2017 for $6600000, What amount of loss on impairment of goodwill should Pharoah record
Calculate the partial pressure of nitrogen gas : Calculate the partial pressure of nitrogen gas and the mole fraction of each gas in the mixture.
Determine the molecular formula of a compound : Determine the molecular formula of a compound, which has CF2 as an empirical formula if 1.55 g of this compound occupies 0.174 L at standard temperature and pre
Calculate the percent yield for reaction : Calculate the percent yield for this reaction. Magnesium chloride is a side-product.
Evaluate a company recent actions dealing with risk : Evaluate a company's recent (with in the last year) actions dealing with risk and uncertainty. Examine an adverse selection problem your company is facing.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd