Question: when is a goodwill impairment loss recognized ? a. whenever the fair value of the entity declines significantly b. annually on a systematic and rational
when is a goodwill impairment loss recognized ?
a. whenever the fair value of the entity declines significantly
b. annually on a systematic and rational basis
c. if the fair value of a reporting unit fails below its original acquisition price
d. if both the fair value of a reporting unit and jta associated implied goodwill fall below their respective carrying values
e. never
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
