Question: The write - down of goodwill for impairment will affect which of the following financial statements? ( Check all that apply. ) Multiple select question.

The write-down of goodwill for impairment will affect which of the following financial statements? (Check all that apply.)
Multiple select question.
No financial statements are affected because goodwill is "amortized" and not "written down" in the event of impairment.
Income statement
Balance sheet
No financial statements are affected by impairment of goodwill because goodwill is expensed over its useful life as are all intangible assets.

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