Use the information provided in be12-7 assume that the fair


1. Use the information provided in BE12-7. Assume that the fair value of the division is estimated to be $750,000 and the implied goodwill is $350,000. Prepare Waters' journal entry, if necessary, to record impairment of the goodwill.

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Accounting Basics: Use the information provided in be12-7 assume that the fair
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