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A company has fallen into economic difficulties and bankruptcy has become a possibility. The company's independent auditors have requested an analysis of the goodwill account
A company has fallen into economic difficulties and bankruptcy has become a possibility. The company's independent auditors have requested an analysis of the goodwill account balance. What is the most likely reason for this request? Multiple choice question. The goodwill balance might have been impaired. A gain or loss might need to be recognized on the goodwill balance. The period of amortization for the goodwill might be too long
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