Question: When is a goodwill impairment loss recognized, under the new FASB rules? Whenever the subsidiary company shows a loss for the year a. b. Never

When is a goodwill impairment loss recognized, under the new FASB rules? Whenever the subsidiary company shows a loss for the year a." b. Never When both the fair value of a reporting unit and its associated implied goodwill fall below their respective carrying values When the fair value of a reporting unit falls below its carrying value

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