Question: Multiple Select Question Select all that apply Which of the following statements are true? A company may choose to amortize goodwill over its legal life.

Multiple Select Question
Select all that apply
Which of the following statements are true?
A company may choose to amortize goodwill over its legal life.
If the fair value of goodwill is lower than its book value, an impairment loss must be recognized.
Goodwill must be tested for impairment annually.
If the fair value of goodwill is greater than its book value, an impairment gain must be recognized.
Multiple Select Question Select all that apply Which of the following

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