Assume the company's stock price goes down in a bear market that occurs at the end of

Question:

Assume the company's stock price goes down in a bear market that occurs at the end of the year. However, the stock price more than doubles in the next year. The company recognized impairment at the end of the year when the stock price was low. Because the market decline was temporary, should the be written back up to its original value? What are the problems in using temporary market values?

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...