Question: When should a consolidated entity recognize a goodwill impairment loss? If a reporting units fair value falls below its original acquisition price. Whenever the entitys

When should a consolidated entity recognize a goodwill impairment loss?

If a reporting units fair value falls below its original acquisition price. Whenever the entitys fair value declines significantly. Annually on a systematic and rational basis. If both the fair value of a reporting unit and its associated implied goodwill fall below their respective carrying amounts

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