Testing for goodwill impairment: Multiple Choice requires both qualitative and quantitative tests. ...
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Accounting
Testing for goodwill impairment:
Multiple Choice
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requires both qualitative and quantitative tests.
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requires computing implied goodwill, which is the amount of fair value of the reporting unit less the book value of the separately identifiable net assets of the reporting unit.
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necessitates determining if the reporting unit itself is impaired after calculating implied goodwill.
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may result in an impairment charge defined as the difference between the goodwill reflected for the reporting unit in the consolidated balance sheet and the reporting units implied goodwill.
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