What would be the fair value of the reporting unit

Assignment Help Financial Accounting

Reference no: EM131286225

The fair value of net identifiable assets of a reporting unit of Y Company is $270,000. The carrying value of the reporting unit's net assets on Y Company's books is $320,000, including $50,000 goodwill. If the reported goodwill impairment for the unit is $10,000, what would be the fair value of the reporting unit?

Reference no: EM131286225

Questions Cloud

Fraud detection and deterrence : Write a case describing a fraud of a type consistent with one of the many types of fraud we discussed during the class (such as larceny, asset misappropriation, cash skimming, among others). The case discussion in your paper should include at a minim..

What amount of interest expense should be reported : Wood Corporation owns 1 percent of Carter Company’s voting shares. On January 1, 20X3, Carter sold bonds with a par value of $660,000 at 98. Wood purchased $440,000 par value of the bonds; the remainder was sold to nonaffiliates. What amount of inter..

What was the original purchase price of the bonds : Nettle Corporation sold $100,000 par value, 10-year first mortgage bonds to Timberline Corporation on January 1, 20X5. The bonds, which bear a nominal interest rate of 12 percent, pay interest semiannually on January 1 and July 1. What was the origin..

Prepare the worksheet consolidation entry : Able Company issued $1,080,000 of 9 percent first mortgage bonds on January 1, 20X1, at 104. The bonds mature in 20 years and pay interest semiannually on January 1 and July 1. Prepare the worksheet consolidation entry or entries needed to remove the..

What would be the fair value of the reporting unit : The fair value of net identifiable assets of a reporting unit of Y Company is $270,000. The carrying value of the reporting unit's net assets on Y Company's books is $320,000, including $50,000 goodwill. If the reported goodwill impairment for the un..

Uses the doubledeclining- depreciation method : On 2010 July 1, Frick Company purchased equipment for $400,000, and installation and testing costs totaled $40,000. The equipment has an estimated useful life of 10 years and an estimated salvage value of $40,000. If Frick uses the doubledeclining- d..

Determine the maximum profit margin : An electronics manufacturing company is planning to introduce a new product in the market. The best competitor sells a similar product at $420/unit. using the information given, determine the maximum profit margin that the company can have so as to r..

What is the amount of the equal annual lease payments : Chicago Company has a machine with a cost and fair value of $600,000 on July 1, 2016 which it plans to lease to Cubs Company. The Lease is for 6 years and the machine is estimated to have a salvage value of $60,000 at the end of the 6 year term (i.e...

Employee training-assessment activity : Continuing with the paper developed in Weeks One, Two, and Three, add an additional 2 to 3 pages (700 to 1,050 words) describing your plans for training employees and preparing them for system changeover. Include the following:

User Account

All Pages