Which of the following statements is false?

U.S GAAP requires the total of all identifiable intangible assets as a separate line item (asset) on the balance sheet.

U.S. GAAP requires the following for any intangible asset impairment other than goodwill: the facts leading to the impairment, the amount of the impairment loss, and the method of determining the fair value of the intangible asset.

U.S. GAAP requires the following for goodwill: the amount of goodwill acquired and the amount of any impairment losses recognized.

All U.S. GAAP disclosure requirements are required in the year of acquisition and all future years the intangible asset is presented on the balance sheet.

Answer rating: 100% (QA)

Option d is false d All US GAAP disclosure requirements are required in the year of acquisition and ... View the full answer