Solution-What amount of loss on impairment of goodwill

What amount of loss on impairment of goodwill Sunland record

Assignment Help Accounting Basics

Reference no: EM132563384

Question - Sunland Corporation acquired End-of-the-World Products on January 1, 2017 for $6700000, and recorded goodwill of $1260000 as a result of that purchase. At December 31, 2018, the End-of-the-World Products Division had a fair value of $5740000. The net identifiable assets of the Division (excluding goodwill) had a fair value of $5034000 at that time. What amount of loss on impairment of goodwill should Sunland record in 2018?

Reference no: EM132563384

Questions Cloud

Design-bid-build structure : From a contractor's perspective, which is better: a design-bid-build structure (the traditional approach) or a design-build structure?

Find how advised the company to account for the lease : Explain every journal entry that you believe necessary to record this lease properly including the correction for the error made?

Complete the adjusting entry for January depreciation : The Store Equipment purchased on January 3 was in use for almost a month. Complete the adjusting entry for January depreciation

Concepts of external environmental : Using a Wall Street Journal article find a retail company exemplifying the concepts of external environmental factors

What amount of loss on impairment of goodwill Sunland record : Sunland Corporation acquired End-of-the-World Products on January 1, 2017 for $6700000, What amount of loss on impairment of goodwill Sunland record

Integrate the traits and stated goals : How does Facebook training programs integrate the traits and stated goals on their Careers page into specific

Find how much is the ending inventory : How much is the ending inventory? Prepare the necessary adjusting entries. Stocktake as at 31 December 2016 revealed inventory cost amount of $ 80,600.

Prepare Colahs journal entries for transactions : Colah Company purchased $2,500,000 of Jackson, Inc., 5% bonds at their face amount on July 1, 2021, Prepare Colah's journal entries for above transactions

Solve the net daily advantage of the system : Solve the net daily advantage of the system. (Do not round intermediate calculations.),If the lock box makes the cash available 2 days earlier

User Account

All Pages

What amount of loss on impairment of goodwill Sunland record

Reference no: EM132563384

Reference no: EM132563384

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT