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Assume a U.S. company decides to quantitatively test its goodwill for impairment. A division's book value exceeds its fair value by $5 million, and its
Assume a U.S. company decides to quantitatively test its goodwill for impairment. A division's book value exceeds its fair value by $5 million, and its goodwill has a book value of $6 million.
The division's goodwill impairment loss is
A.$5 million.
B.$6 million.
C.$0
D.$1 million.
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