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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
When is a buyer not willing to spend a lot of time and energy researching the market?
Answers (1)
To avoid injury when you're putting an item down, proper technique involves: A) Positioning your hands so your fingers don't get caught under the load B) Placing the load in the center of the surface so it doesn't fall C) Keeping your back arched D)
Answers (2)
Gilroy Corporation is considering new equipment. The equipment can be purchased from an overseas supplier for $3,240. The freight and installation costs for the equipment are $620.
Answers (1)
Applepom, a multi-national restaurant chain, follows different pricing policies and serves different types of cuisine depending on the region it operates in.
Answers (2)
Park Co. is considering an investment that requires immediate payment of $21,705 and provides expected cash inflows of $6,700 annually for four years. Assume Park Co. requires a 7% return on its investments.
Answers (1)
New Questions in Business
An online medicaladvice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 million shares of common stock, and the underwriting fees were $2.10 per share. The offering price was $27.90 per share.
Answers (1)
Which of the following is an example of how the principle of beneficence can be applied to a study employing human subjects? Ensuring that the selection of subjects includes people from all segments of the population.
Answers (1)
Match the following definitions with the correct term 1. Delocalization of food production and consumption connections 2. The process of learning culturally specific preferences passed from generation to generation 3.
Answers (1)
Adobe Systems Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended November 30, 2013.
Answers (1)
A Trek Cycles manufactures and sells bicycles to retailers. The X-1 model sells for $500 and has per-unit variable costs of $300 associated with its production. The company has fixed expenses of $30,000 per month.
Answers (1)