SlideShare a Scribd company logo
Twilight Corporation acquired End-of-the-World Products on January 1, 2014 for $6,400,000,
and recorded goodwill of $1,200,000 as a result of that purchase. At December 31, 2015, the
End-of-the-World Products Division had a fair value of $5,440,000. The net identifiable assets of
the Division (excluding goodwill) had a fair value of $4,640,000 at that time. What amount of
loss on impairment of goodwill should Twilight record in 2015?
Solution

More Related Content

More from gowravy1

What information is provided by the sign (+ or -) of the Pearson cor.pdf
What information is provided by the sign (+ or -) of the Pearson cor.pdfWhat information is provided by the sign (+ or -) of the Pearson cor.pdf
What information is provided by the sign (+ or -) of the Pearson cor.pdf
gowravy1
 
What if we had several different type of parts and we assigned numbe.pdf
What if we had several different type of parts and we assigned numbe.pdfWhat if we had several different type of parts and we assigned numbe.pdf
What if we had several different type of parts and we assigned numbe.pdf
gowravy1
 
What impact did monetary policy actions taken during the Great Reces.pdf
What impact did monetary policy actions taken during the Great Reces.pdfWhat impact did monetary policy actions taken during the Great Reces.pdf
What impact did monetary policy actions taken during the Great Reces.pdf
gowravy1
 
What form does the energy balnce take for an isolated systemSol.pdf
What form does the energy balnce take for an isolated systemSol.pdfWhat form does the energy balnce take for an isolated systemSol.pdf
What form does the energy balnce take for an isolated systemSol.pdf
gowravy1
 
What influence does web-based information have on global citizenship.pdf
What influence does web-based information have on global citizenship.pdfWhat influence does web-based information have on global citizenship.pdf
What influence does web-based information have on global citizenship.pdf
gowravy1
 
what happened to the United states in the 2008 financial Crisis exp.pdf
what happened to the United states in the 2008 financial Crisis exp.pdfwhat happened to the United states in the 2008 financial Crisis exp.pdf
what happened to the United states in the 2008 financial Crisis exp.pdf
gowravy1
 
what frequently makes the difference between profitable and unprofit.pdf
what frequently makes the difference between profitable and unprofit.pdfwhat frequently makes the difference between profitable and unprofit.pdf
what frequently makes the difference between profitable and unprofit.pdf
gowravy1
 
what features are present in New Amsterdam that identify it as a Dut.pdf
what features are present in New Amsterdam that identify it as a Dut.pdfwhat features are present in New Amsterdam that identify it as a Dut.pdf
what features are present in New Amsterdam that identify it as a Dut.pdf
gowravy1
 
What factors should you consider in reviewing your assets What dete.pdf
What factors should you consider in reviewing your assets What dete.pdfWhat factors should you consider in reviewing your assets What dete.pdf
What factors should you consider in reviewing your assets What dete.pdf
gowravy1
 
Two common drawbacks of Pigouvian subsidy mentioned in the literatur.pdf
Two common drawbacks of Pigouvian subsidy mentioned in the literatur.pdfTwo common drawbacks of Pigouvian subsidy mentioned in the literatur.pdf
Two common drawbacks of Pigouvian subsidy mentioned in the literatur.pdf
gowravy1
 
Two coins are tossed and the up faces of both coins are recorded. Li.pdf
Two coins are tossed and the up faces of both coins are recorded. Li.pdfTwo coins are tossed and the up faces of both coins are recorded. Li.pdf
Two coins are tossed and the up faces of both coins are recorded. Li.pdf
gowravy1
 
Two cards are drawn from a well shuffled deck of cards. Find the pro.pdf
Two cards are drawn from a well shuffled deck of cards. Find the pro.pdfTwo cards are drawn from a well shuffled deck of cards. Find the pro.pdf
Two cards are drawn from a well shuffled deck of cards. Find the pro.pdf
gowravy1
 
Two cards are drawn without replacement from a well-shuffled deck. W.pdf
Two cards are drawn without replacement from a well-shuffled deck. W.pdfTwo cards are drawn without replacement from a well-shuffled deck. W.pdf
Two cards are drawn without replacement from a well-shuffled deck. W.pdf
gowravy1
 
Two Cards are drawn from an ordinary deck of 52 cards. Find the .pdf
Two Cards are drawn from an ordinary deck of 52 cards. Find the .pdfTwo Cards are drawn from an ordinary deck of 52 cards. Find the .pdf
Two Cards are drawn from an ordinary deck of 52 cards. Find the .pdf
gowravy1
 
True or False Government organizations such as the IRS and other go.pdf
True or False Government organizations such as the IRS and other go.pdfTrue or False Government organizations such as the IRS and other go.pdf
True or False Government organizations such as the IRS and other go.pdf
gowravy1
 
True or False Answers... 1. A statistic is a function of the obs.pdf
True or False Answers... 1. A statistic is a function of the obs.pdfTrue or False Answers... 1. A statistic is a function of the obs.pdf
True or False Answers... 1. A statistic is a function of the obs.pdf
gowravy1
 
True or False and Explain Does Cheap foreign labor pose a serio.pdf
True or False and Explain Does Cheap foreign labor pose a serio.pdfTrue or False and Explain Does Cheap foreign labor pose a serio.pdf
True or False and Explain Does Cheap foreign labor pose a serio.pdf
gowravy1
 
TRUE OR FALSE (Justify your answer with axiom and theorems. If the s.pdf
TRUE OR FALSE (Justify your answer with axiom and theorems. If the s.pdfTRUE OR FALSE (Justify your answer with axiom and theorems. If the s.pdf
TRUE OR FALSE (Justify your answer with axiom and theorems. If the s.pdf
gowravy1
 
True or False -The sole purpose of business research is to increas.pdf
True or False -The sole purpose of business research is to increas.pdfTrue or False -The sole purpose of business research is to increas.pdf
True or False -The sole purpose of business research is to increas.pdf
gowravy1
 
True or False Marketing intermediaries must charge a price for the .pdf
True or False Marketing intermediaries must charge a price for the .pdfTrue or False Marketing intermediaries must charge a price for the .pdf
True or False Marketing intermediaries must charge a price for the .pdf
gowravy1
 

More from gowravy1 (20)

What information is provided by the sign (+ or -) of the Pearson cor.pdf
What information is provided by the sign (+ or -) of the Pearson cor.pdfWhat information is provided by the sign (+ or -) of the Pearson cor.pdf
What information is provided by the sign (+ or -) of the Pearson cor.pdf
 
What if we had several different type of parts and we assigned numbe.pdf
What if we had several different type of parts and we assigned numbe.pdfWhat if we had several different type of parts and we assigned numbe.pdf
What if we had several different type of parts and we assigned numbe.pdf
 
What impact did monetary policy actions taken during the Great Reces.pdf
What impact did monetary policy actions taken during the Great Reces.pdfWhat impact did monetary policy actions taken during the Great Reces.pdf
What impact did monetary policy actions taken during the Great Reces.pdf
 
What form does the energy balnce take for an isolated systemSol.pdf
What form does the energy balnce take for an isolated systemSol.pdfWhat form does the energy balnce take for an isolated systemSol.pdf
What form does the energy balnce take for an isolated systemSol.pdf
 
What influence does web-based information have on global citizenship.pdf
What influence does web-based information have on global citizenship.pdfWhat influence does web-based information have on global citizenship.pdf
What influence does web-based information have on global citizenship.pdf
 
what happened to the United states in the 2008 financial Crisis exp.pdf
what happened to the United states in the 2008 financial Crisis exp.pdfwhat happened to the United states in the 2008 financial Crisis exp.pdf
what happened to the United states in the 2008 financial Crisis exp.pdf
 
what frequently makes the difference between profitable and unprofit.pdf
what frequently makes the difference between profitable and unprofit.pdfwhat frequently makes the difference between profitable and unprofit.pdf
what frequently makes the difference between profitable and unprofit.pdf
 
what features are present in New Amsterdam that identify it as a Dut.pdf
what features are present in New Amsterdam that identify it as a Dut.pdfwhat features are present in New Amsterdam that identify it as a Dut.pdf
what features are present in New Amsterdam that identify it as a Dut.pdf
 
What factors should you consider in reviewing your assets What dete.pdf
What factors should you consider in reviewing your assets What dete.pdfWhat factors should you consider in reviewing your assets What dete.pdf
What factors should you consider in reviewing your assets What dete.pdf
 
Two common drawbacks of Pigouvian subsidy mentioned in the literatur.pdf
Two common drawbacks of Pigouvian subsidy mentioned in the literatur.pdfTwo common drawbacks of Pigouvian subsidy mentioned in the literatur.pdf
Two common drawbacks of Pigouvian subsidy mentioned in the literatur.pdf
 
Two coins are tossed and the up faces of both coins are recorded. Li.pdf
Two coins are tossed and the up faces of both coins are recorded. Li.pdfTwo coins are tossed and the up faces of both coins are recorded. Li.pdf
Two coins are tossed and the up faces of both coins are recorded. Li.pdf
 
Two cards are drawn from a well shuffled deck of cards. Find the pro.pdf
Two cards are drawn from a well shuffled deck of cards. Find the pro.pdfTwo cards are drawn from a well shuffled deck of cards. Find the pro.pdf
Two cards are drawn from a well shuffled deck of cards. Find the pro.pdf
 
Two cards are drawn without replacement from a well-shuffled deck. W.pdf
Two cards are drawn without replacement from a well-shuffled deck. W.pdfTwo cards are drawn without replacement from a well-shuffled deck. W.pdf
Two cards are drawn without replacement from a well-shuffled deck. W.pdf
 
Two Cards are drawn from an ordinary deck of 52 cards. Find the .pdf
Two Cards are drawn from an ordinary deck of 52 cards. Find the .pdfTwo Cards are drawn from an ordinary deck of 52 cards. Find the .pdf
Two Cards are drawn from an ordinary deck of 52 cards. Find the .pdf
 
True or False Government organizations such as the IRS and other go.pdf
True or False Government organizations such as the IRS and other go.pdfTrue or False Government organizations such as the IRS and other go.pdf
True or False Government organizations such as the IRS and other go.pdf
 
True or False Answers... 1. A statistic is a function of the obs.pdf
True or False Answers... 1. A statistic is a function of the obs.pdfTrue or False Answers... 1. A statistic is a function of the obs.pdf
True or False Answers... 1. A statistic is a function of the obs.pdf
 
True or False and Explain Does Cheap foreign labor pose a serio.pdf
True or False and Explain Does Cheap foreign labor pose a serio.pdfTrue or False and Explain Does Cheap foreign labor pose a serio.pdf
True or False and Explain Does Cheap foreign labor pose a serio.pdf
 
TRUE OR FALSE (Justify your answer with axiom and theorems. If the s.pdf
TRUE OR FALSE (Justify your answer with axiom and theorems. If the s.pdfTRUE OR FALSE (Justify your answer with axiom and theorems. If the s.pdf
TRUE OR FALSE (Justify your answer with axiom and theorems. If the s.pdf
 
True or False -The sole purpose of business research is to increas.pdf
True or False -The sole purpose of business research is to increas.pdfTrue or False -The sole purpose of business research is to increas.pdf
True or False -The sole purpose of business research is to increas.pdf
 
True or False Marketing intermediaries must charge a price for the .pdf
True or False Marketing intermediaries must charge a price for the .pdfTrue or False Marketing intermediaries must charge a price for the .pdf
True or False Marketing intermediaries must charge a price for the .pdf
 

Recently uploaded

Acetabularia Information For Class 9 .docx
Acetabularia Information For Class 9  .docxAcetabularia Information For Class 9  .docx
Acetabularia Information For Class 9 .docx
vaibhavrinwa19
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
Jisc
 
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe..."Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
SACHIN R KONDAGURI
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
Celine George
 
The Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptxThe Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptx
DhatriParmar
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
Vikramjit Singh
 
Embracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic ImperativeEmbracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic Imperative
Peter Windle
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
Atul Kumar Singh
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
Tamralipta Mahavidyalaya
 
Lapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdfLapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdf
Jean Carlos Nunes Paixão
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
BhavyaRajput3
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
EugeneSaldivar
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
Pavel ( NSTU)
 
The geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideasThe geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideas
GeoBlogs
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
Delapenabediema
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
Jisc
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
Jisc
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
MIRIAMSALINAS13
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
Balvir Singh
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 

Recently uploaded (20)

Acetabularia Information For Class 9 .docx
Acetabularia Information For Class 9  .docxAcetabularia Information For Class 9  .docx
Acetabularia Information For Class 9 .docx
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
 
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe..."Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
 
The Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptxThe Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptx
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
 
Embracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic ImperativeEmbracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic Imperative
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
 
Lapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdfLapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdf
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
 
The geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideasThe geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideas
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
 

Twilight Corporation acquired End-of-the-World Products on January 1.pdf

  • 1. Twilight Corporation acquired End-of-the-World Products on January 1, 2014 for $6,400,000, and recorded goodwill of $1,200,000 as a result of that purchase. At December 31, 2015, the End-of-the-World Products Division had a fair value of $5,440,000. The net identifiable assets of the Division (excluding goodwill) had a fair value of $4,640,000 at that time. What amount of loss on impairment of goodwill should Twilight record in 2015? Solution