Each of the following describes goodwill, except: Once written down, it may be written up for recoveries.
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Each of the following describes goodwill, except:
Once written down, it may be written up for recoveries.
It must be tested for impairment at least annually.
Goodwill impairment losses are recognized in income from continuing operations or income before extraordinary gains and losses.
It must be reported as a separate line item in the balance sheet.
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