QUESTION 11 2 points Save Answer The news supplement assignments posted on Blackboard provided articles and questions related to news articles that students were assigned to research. Which of the following best reflects observations from the article related to the US accounting standards for Goodwill impairment? O A. A change in rules governing companies' goodwill reporting could lead companies to impair goodwill much more frequently and in much larger amounts. The charges would provide immediate feedback to investors of poor acquisition decisions, a useful metric. O B. Rules governing companies' goodwill reporting could change .... would eliminate the amortization of goodwill that currently is provided for in the accounting guidance OC. Rules governing companies' goodwill reporting could change .... The change being considered would require companies to write down ( amortize ) a set portion of goodwill each year. QUESTION 12 2 points Save Answer The news supplement assignments posted on Blackboard provided articles and questions related to news articles that students were assigned to research. Which of the following best reflects observations from the article related to the fair value accounting treatment of the dollar amount that the US Tax Court decided is owed by Coca-Cola? O A. The tax court has concluded that Coca-Cola owes $12 billion. Coca-Cola said it had consulted outside advisers and examined the court opinion, case law and its own intention to pursue every available appeal. For financial statement purposes it has recorded a $438 million reserve, about 4% of the total potential cost. B. The tax court has concluded that Coca-Cola owes $12 trillion. Coca-Cola said it had consulted outside advisers and examined the court opinion, case law and its own intention to pursue every available appeal. For financial statement purposes it has recorded a $438 million reserve, about .004% of the total potential cost. OC. The tax court has concluded that Coca-Cola owes $1.2 billion. Coca-Cola said it had consulted outside advisers and examined the court opinion, case law and its own intention to pursue every available appeal. For financial statement purposes it has recorded a $438 million reserve, almost 40% of the total potential cost. OD. The tax court has concluded that Coca-Cola owes $120 billion. Coca-Cola said it had consulted outside advisers and examined the court opinion, case law and its own intention to pursue every available appeal. For financial statement purposes it has recorded a $438 million reserve, about .04% of the total potential cost