Question: When consolidating a subsidiary under the equity method, which of the following statements is true?The value of any goodwill should be tested annually for impairment

When consolidating a subsidiary under the equity method, which of the following statements is true?The value of any goodwill should be tested annually for impairment in value.Goodwill required is amortized over 29 years.Goodwill should be expensed in the year of acquisition.Goodwill is never recognized.

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