In 2015, Antle Inc. had acquired Demski Co. and recorded goodwill of $320 million as a result. The net assets (including goodwill) from Antle's acquisition of Demski Co. had a 2016 year-end book value of $655 million. Antle assessed the fair value of Demski at this date to be $775 million, while the fair value of all of Demski's identifiable tangible and intangible assets (excluding goodwill) was $712 million. The amount of the impairment loss that Antle would record for goodwill at the end of 2016 is:
A. None of these answer choices are correct.
B. 63 million
C. 0
D. 257 million
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In 2015, Antle Inc. had acquired Demski Co. and recorded goodwill of $320 million as a result. The net assets (including goodwill) from ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A firm selling televisions knows from marketing research that when consumers in developing countries reach on average a yearly income equivalent to $1,000 they are more likely to purchase one of their televisions.
Answers (1)
Select the correct text in the passage. Which sentence describes a cooperative organization? Cohen and his friends work in a cooperative organization. They own and control the functions of the organization. Their sole motive is to gain profit.
Answers (1)
What of the following is not a characteristic of a weak economy?
Answers (1)
Suppose the Fed purchases $200 million of U. S. securities from the public but the reserve requirement is now only 10 percent, the currency holdings of the public are unchanged, and banks have zero excess reserves both before and after the
Answers (1)
You can either go to a movie or go bowling. If you choose the movie, you will spend far more on the movie then you would on bowling you will have made the choice that has the most benefit your opportunity cost is the amount of money you pay for the
Answers (1)
New Questions in Business
Which company developed the first commercially successful computer? a. ibm b. apple c. amazon d. microsoft
Answers (1)
One of the best networking traits you can develop is
Answers (1)
The Bacon Company acquired new machinery with a price of $15,200 by trading in similar old machinery and paying $12,700. The old machinery originally cost $9,000 and had accumulated depreciation of $5,000.
Answers (1)
Which of these is an example of a tax on consumption?
Answers (1)
What is a business service orientation
Answers (1)