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starlitcircuit

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  • May 16, 2025 at 11:37 pm #717299
    mysterystarlitcircuit
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    Also, in terms of the journal entry, isn’t it supposed to be:

    DR Group retained earnings 150,000
    CR Goodwill 150,000

    Since the group owns all the goodwill in this method, shouldn’t the group record the full impairment in both the working and the journal entry?

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