Question: Once a reporting unit is determined to have a fair value below its carrying value, the goodwill impairment loss is computed by comparing the: a)

Once a reporting unit is determined to have a fair value below its carrying value, the goodwill impairment loss is computed by comparing the:

a) fair value of the reporting unit and the fair value of the identifiable net assets.

b) carrying value of the goodwill to its implied fair value.

c) fair value of the reporting unit to its carrying amount (goodwill included).

d) carrying value of the reporting unit to the fair value of the identifiable net assets.

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