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A company entered into a business combination and recognized goodwill in one of the reporting units acquired. After performing a qualitative evaluation, the company has
A company entered into a business combination and recognized goodwill in one of the reporting units acquired. After performing a qualitative evaluation, the company has decided that it needs to test goodwill for impairment. Identify the location in professional standards that indicates what comparison is made when performing the first step of the goodwill impairment test.
Which should I choose for FASB ASC number?
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