Testing for goodwill impairment:

Multiple Choice

requires both qualitative and quantitative tests.

$$ necessitates determining if the reporting unit itself is impaired after calculating implied goodwill.

$$ may result in an impairment charge defined as the difference between the goodwill reflected for the reporting unit in the consolidated balance sheet and the reporting unit's implied goodwill.

$$ requires computing implied goodwill, which is the amount of fair value of the reporting unit less the book value of the separately identifiable net assets of the reporting unit.