Goodwill allocated to a reporting unit is considered impaired when?

a. when the carrying amount (net book value) of a reporting unit is greater than its fair value

b. when the fair value of a reporting unit is greater than the carrying amount (net book value) of that unit

When an organization completes a merger or an acquisition in the year being audited, the auditor must perform procedures to ascertain that:

a.Assets acquired are brought onto the organizations books at amounts that are not greater than the carrying amounts on the acquired company's books at time of acquisition.

b.Assets acquired, including assets not previously reported, are brought onto the books at their fair values though in total not greater than the price paid plus liabilities assumed.

c. Goodwill resulting from the acquisition or merger is not impaired as of the acquisition/merger date.

d.Assets acquired, including assets not previously reported, are brought onto the books at their fair values.