Pritchett Company recently acquired three businesses, recognizing goodwill in each acquisition. Destin has allocated its acquired goodwill to its three reporting units: Apple, Banana, and Carrot. Pritchett provides the following information in performing the 2013 annual review for impairment: How much goodwill impairment should Pritchett report for 2013?
Goodwill Impairment Test-Step 2 (Apple and Carrot only)

Question

Pritchett Company recently acquired three businesses, recognizing goodwill in each acquisition. Destin has allocated its acquired goodwill to its three reporting units: Apple, Banana, and Carrot. Pritchett provides the following information in performing the 2013 annual review for impairment:  How much goodwill impairment should Pritchett report for 2013?
Goodwill Impairment Test-Step 2 (Apple and Carrot only)

Quizplus · Accepted Answer

The Answer of Pritchett Company recently acquired three businesses, recognizing goodwill in each acquisition. Destin has allocated its acquired goodwill to its three reporting units: Apple, Banana, and Carrot. Pritchett provides the following information in performing the 2013 annual review for impairment:  How much goodwill impairment should Pritchett report for 2013?
Goodwill Impairment Test-Step 2 (Apple and Carrot only)

Pritchett Company Recently Acquired Three Businesses, Recognizing Goodwill in Each