telt $of$ each statement.

TRUE FALSE $1.$ A goodwill impairment loss arises when the carrying value $of$ the reporaing una $v,$

less than the fair value $of$ the reporting unit.

TRUE FALSE

TRUE FALSE

TRUE FALSE

TRUE FALSE

TRUE FALSE

TRUE FALSE

TRUE FALSE

tRUE FALSE

Consolidated retained earnings and the retained earnings reported $on$ the parent's

books are equal when the parent uses the equity method $to$ account for its

subsidiary investment.

TRUE FALSE $10.$ Under the Purchase Method $(legacy$ method$)of$ accounting for business

combinations, professional service fees were included $in$ the purchase price, thit