Business, 03.12.2019 20:31 lesliealvarado1022

Martinez corporation purchased tamarisk company 3 years ago and at that time recorded goodwill of $430,000. the tamarisk division’s net assets, including the goodwill, have a carrying amount of $850,000. the fair value of the division is estimated to be $796,000. prepare waters’ journal entry to record impairment of the goodwill.

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