Assume that ayisiyiniwiwinak Corp. paid $30 million to purchase 10-Trees Inc. Below is a summary of the balance sheet of

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Assume That Ayisiyiniwiwinak Corp Paid 30 Million To Purchase 10 Trees Inc Below Is A Summary Of The Balance Sheet Of 1 (62.42 KiB) Viewed 45 times

Assume that ayisiyiniwiwinak Corp. paid $30 million to purchase 10-Trees Inc. Below is a summary of the balance sheet of 10-Trees Inc. at the time of the ayisiyiniwiwinak Corp. acquisition (amounts are given in million $). The fair value of 10-Tree Inc.'s non-current assets was higher than the book value and amounted to $37 at that time. 10 33 43 Assets Current assets Non-current assets Total assets Liabilities Current liabilities Non-current liabilities Total liabilities Shareholders' equity. Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 8 12 20 7 16 23 43 Blank #1: What is the goodwill resulting from this transaction? Enter your response as a plain number (no $-signs or decimals). Blank #2: Assume that after a year, ayisiyiniwiwinak Corp. recognized a goodwill impairment loss of $1 million. On which financial statement is the impairment loss recorded?