Question
The major justification for adding Step 0 to the U.S. GAAP impairment test for goodwill and indefinite lived intangibles is that it: A. Saves money
The major justification for adding Step 0 to the U.S. GAAP impairment test for goodwill and indefinite lived intangibles is that it:
| A. | Saves money spent estimating fair values | |
| B. | Results in more timely recognition of impairment losses | |
| C. | Enhances the accuracy of the estimated impairment loss | |
| D. | Reduces the fee paid to outside auditors |
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th edition
978-0133428704
