Research Case:$$

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Warner Bros. Discovery tests annually for goodwill impairment on October $1$st$.$ The company has a December $31$st fiscal year end.$$ Warner Bros. Discovery presents consolidated financial results for the company$$s$$ three operating segments.$$

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In August $2024,$ Warner Bros. Discovery Inc. announced that a $$9\mathrm{.}1$ billion goodwill$$ impairment charge had been recognized$$ for the $3$ months ending June $30,2024.$ The impairment charge was due to the company$$s Network segment.$$ One of the factors that contributed to the second quarter evaluation of the goodwill impairment for the Networks segment was the NBA$$s July $2024$ announcement that the Warner Bros $.$Discovery$$s networks media rights to broadcast the NBA games would end after the $2024-2025$ season.$$ As of June $30,2024,$ the carrying value of remaining goodwill assigned to the Networks reporting unit was $$8\mathrm{.}4$billion and the net assets of the reporting unit were approximately $$25\mathrm{.}6$billion$.$

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Identify the Codification reference that supports the following actions by Warner Bros. Discovery.$$

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$1.$ Why was Warner Bros. Discovery able to$/$permitted to test for impairment on a date other than Oct. $1$st$?$

Codification Reference:$$

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$2.$ After Warner Bros. Discovery determined that the Networks segment$$s goodwill was impaired how did the company determine the amount of the impairment?$$ In other words, what was the mathematical formula the company used to determine the goodwill impairment was $$9\mathrm{.}1$ billion?$$

$$Codification Reference:$$

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$3.$ If conditions change$/$improve would Warner Bros. Discovery be permitted to recognize a reversal of the $$9\mathrm{.}1$ billion impairment in fiscal $2025?$

Codification Reference:$$

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