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Grout Company reports assets with a carrying value of $420,000 (including goodwill with a carrying value of $35,000) assigned to an identifiable reporting unit purchased at the end of the prior year. The fair value of the net assets held by the reporting unit is currently $350,000, and the fair value of the reporting unit is $395,000. At the end of the current period, Grout should report goodwill of $25,000. $10,000. $35,000. $45,000.

Respuesta :

ogorwyne

Answer:

$35,000

Explanation:

The fair value of the net assets that is held by reporting units = $350000

The fair value of the reporting unit is $ 395000

At the end of the current period, Grouts goodwill should be $35,000 dollars since he has a carrying value of $35000 according to the question. Goodwill is going to be the same as the carrying amount.

So option c is the answer

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