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the fair value of Carley is estimated to be $720,000. The carrying value of Carley’s net identifiable assets, including the goodwill, at year-end is $750,000. Prepare Vinson’s journal entry, if necessary, to record impairment of goodwill.

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the fair value of Carley is estimated to be $720,000. The carrying value of Carley’s net identifiabl...

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