Which of the following will result in the recognition of an impairment loss on goodwill?...
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Accounting
Which of the following will result in the recognition of an impairment loss on goodwill?
a) The fair value of a reporting unit falls below the original consideration transferred for the acquisition.
b) Goodwill amortization is to be recognized annually on a systematic and rational basis.
c) The entity is investigated by the SEC and its reputation has been severely damaged.
d) Both the fair value of a reporting unit and its associated implied goodwill fall below their respective carrying values.
e) The fair value of the entity declines significantly.
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