Question 9 of 13 - Ch11 HW

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Nov 24, 2024

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View Policies Show Attempt History Your Answer Correct Answer Your answer is correct. Blossoms Company bought Special Products Division in 2025 and recorded $760000 of goodwill related to the purchase. On December 31, 2026, the fair value of the Special Products Division is $6550000 and it is carried on Blossom’s books for a total of $5650000, including the goodwill. What goodwill impairment should be recognized by Blossoms in 2026? $0. $900000. $140000. $760000. Since: $6550000 > $5650000, $0 impairment. eTextbook and Media Solution Attempts: 1 of 3 used
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