Question: 7 . ASC 3 5 0 - 2 0 - 3 5 provides information about the overall accounting for goodwill including how to test for

7 .

ASC

350 - 20 - 35

provides information about the overall accounting for goodwill including how to test for impairment. We learned this semester that goodwill impairment testing should be completed annually. What additional guidance does the FASB provide related to when this annual test should accur?

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