What amount of loss on impairment of goodwill, Accounting Basics

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What amount of loss on impairment of goodwill

Stewart Company acquired Meyer Manufacturing on January 1, 2013 for $6,800,000 and recorded goodwill of $1,800,000 as a result of that purchase. At December 31, 2013, Meyer Manufacturing Division had a fair value of $4,600,000. The net identifiable assets of the Division, excluding goodwill, had a fair value of $3,200,000 at that time. What amount of loss on impairment of goodwill should Stewart record in 2013?

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Accounting Basics: What amount of loss on impairment of goodwill

Reference No:- TGS0681107

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Recent Questions Asked Accounting Basics

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Request for Solution File

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Accounting Basics: What amount of loss on impairment of goodwill

Reference No:- TGS0681107

Recent Questions Asked Accounting Basics

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