Question: When should a consolidated entity recognize a goodwill impairment loss?When the fair value of a reporting unit exceeds its respective carrying amountWhenever the entity s

When should a consolidated entity recognize a goodwill impairment loss?When the fair value of a reporting unit exceeds its respective carrying amountWhenever the entity

s fair value declines significantlyWhen the fair value of a reporting unit with goodwill falls below its carrying amountAnnually on a systematic and rational basis

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