Which of the following best describes the accounting for goodwill subsequent to initial recognition? a. Goodwill is
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Which of the following best describes the accounting for goodwill subsequent to initial recognition?
a. Goodwill is amortized over its expected useful life, not to exceed 20 years.
b. Goodwill is tested for impairment whenever impairment indicators are present.
c. Goodwill is tested for impairment on an annual basis.
d. Goodwill is revalued using a revaluation model.
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