Question: Which statement is true concerning U.S. GAAP for the qualitative evaluation of goodwill? Question 16 options: a) You dont have to quantitively evaluate goodwill for

Which statement is true concerning U.S. GAAP for the qualitative evaluation of goodwill?

Question 16 options:

a)

You dont have to quantitively evaluate goodwill for impairment if it is more likely than not that the reporting units book value is less than its fair value

b)

You dont have to quantitatively evaluate goodwill for impairment if the acquired subsidiary is expected to continue operating in the foreseeable future

c)

You dont have to quantitatively evaluate goodwill for impairment if it is more likely than not that the reporting units fair value is less than its book value

d)

The qualitative goodwill evaluation is based on general information on the economy, rather than specific information about the reporting units performance

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