QUESTION 10 / 11 An ascollection is classified as goodwill on the balance sheet once a company purchases an asset at greater than fair-sector worth. According to GAAP, you have the right to change goodwill certainly once SELECT ONLY ONE an ascollection is offered stock prices go dvery own a brand-new asset is purchased stock prices go up goodwill is impaired
QUESTION 10 / 11 An ascollection is classified as goodwill on the balance sheet once a agency purchases an ascollection at higher than fair-industry value. According to GAAP, you can adjust goodwill certainly as soon as SELECT ONLY ONE an asset is sold stock prices go dvery own a new asset is purchased stock prices go up goodwill certainly is impaired
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According to GAAP, you deserve to readjust goodwill when goodwill is impaired.Goodwill is not subject to annual amortization. Goodwill is tested for special needs periodically and also declinein worth of Goodwill certainly is well-known as Impairment lossOption E goodwill is impaired is correct

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