B326,TMA,arab open university

casurement. (5 marks) PART C: Briefly explain the differences between the IFRS and GAAP (after FASB issued ASU 2017-04 to simplify the accounting for goodwill impairment) regarding the following: - Assignment/allocation of goodwill. (i.e. The levels at which goodwill is assigned /allocated. - Impairment of goodwill, test(s) applied, how impairment loss is recognized and allocated (In case the impairment loss exceeds [or does not exceed] the carrying value of goodwill), and reversal of impairment. Amortization and impairment of intangible assets other than goodwill - Non-Controlling interest. (25 marks) Answer this question in a tabular format, like the following one: IFRS GAAP Assignment/allocation of Goodwill Impairment of goodwill . . ...etc (You must support your answer in this question with quality references.)