Fifa Co. acquired the Green Co. on January 1,.1 2019 for £640,000,000, and recorded goodwill of £81,200 as a result of that purchase. At December 31, 2015, Green Co. had a recoverable amount of £568,000,000. The carrying value of the Fifa Company's net assets at December 31, 2019 was £592,000,000 (including goodwill). What amount of loss on impairment of goodwill should Fifa Co. ?record in 2019
Fifa Co. acquired the Green Co. on January 1,.1 2019 for £640,000,000, and recorded goodwill of £81,200 as a result of that purchase. At December 31, 2015, Green Co. had a recoverable amount of £568,000,000. The carrying value of the Fifa Company's net assets at December 31, 2019 was £592,000,000 (including goodwill). What amount of loss on impairment of goodwill should Fifa Co. ?record in 2019
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Fifa Co. acquired the Green Co. on January 1,.1 2019 for £640,000,000, and recorded
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