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Business, 18.08.2019 00:10 YuNgJoKeR

Jenks corporation acquired linebrink products on january 1, 2019 for $8,000,000, and recorded goodwill of $1,700,000 as a result of that purchase. at december 31, 2019, the carrying value of linebrink products’s net identifiable assets (including goodwill) is $7,500,000. an independent valuation firm estimates linebrink products to have a fair value of $6,800,000. what amount of goodwill should jenks report on its 2019 balance sheet (after goodwill impairment has been recorded)?

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Jenks corporation acquired linebrink products on january 1, 2019 for $8,000,000, and recorded goodwi...
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