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Bonus Question (5 points) With respect to accounting for goodwill reported in the acquisition of Scalibrini, Inc.: 1. Explain the U.S. GAAP approach for accounting
Bonus Question (5 points) With respect to accounting for goodwill reported in the acquisition of Scalibrini, Inc.: 1. Explain the U.S. GAAP approach for accounting for the impairment of goodwill. 2. Discuss the difference between U.S. GAAP and international accounting standards on the accounting for goodwill impairment. In answering this question, discuss accounting for the impairment of goodwill only. No credit will be given for unrelated comments
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