Question: Can you answer this question for me please ? Goodwill Accounting Alternative (parts 1-3 only) An accounting alternative is available within the Goodwill topic of

Can you answer this question for me please ?

Goodwill Accounting Alternative (parts 1-3 only) An accounting alternative is available within the Goodwill topic of the Codification specifically as it relates to the subsequent measurement of goodwill (ASC 350-20-35-??). Locate this alternative and explain: 1. What measurement approach does the accounting alternative permit? 2. What types of companies are eligible to apply this accounting alternative and where did you locate this information? 3. How does the accounting alternative differ from the measurement requirements for companies that do not (or cannot) elect this treatment? In other words, if you cannot elect the accounting alternative, what subsequent measurement requirement for goodwill are you expected to follow?

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