Based upon this information the proper conclusion is:
A. The company should recognize a goodwill impairment loss of $20,000.
B. Goodwill is not impaired.
C. The company should recognize a goodwill impairment loss of $40,000.
D. The company should recognize a goodwill impairment loss of $60,000.
Answer:C
Based upon this information the proper conclusion is:
A. The company should recognize a goodwill impairment loss of $20,000. B. Goodwill is not impaired. C. The company should recognize a goodwill impairment loss of $40,000. D. The company should recognize a goodwill impairment loss of $60,000.