Apollo Company, a consolidated enterprise, conducted an impairment review for each of its reporting units....
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Apollo Company, a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Stande, emerged as a candidate for possible goodwill impairment. Stande had recognized net assets with carrying amounts totaling $ including goodwill of $ Stande's reporting unit fair value is assessed at $ and includes two internally developed unrecognized intangible assets a patent and a royalty agreement with fair values of $ and $ respectively The following table summarizes current financial information for the Stande reporting unit: Required: a Determine the amount of any goodwill impairment for Apollo's Stande reporting unit. b After recognition of any goodwill impairment loss, what are the reported carrying amounts for the following assets of Apollo's reporting unit Stande? 
Apollo Company, a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative
assessment, one particular reporting unit, Stande, emerged as a candidate for possible goodwill impairment. Stande had recognized
net assets with carrying amounts totaling $ including goodwill of $ Stande's reporting unit fair value is assessed at $
and includes two internally developed unrecognized intangible assets a patent and a royalty agreement with fair values of $ and
$ respectively The following table summarizes current financial information for the Stande reporting unit:
Required:
a Determine the amount of any goodwill impairment for Apollo's Stande reporting unit.
b After recognition of any goodwill impairment loss, what are the reported carrying amounts for the following assets of Apollo's
reporting unit Stande?
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