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Describe the new goodwill impairment test and discuss the recent changes resulting from the adoption of ASU 2017-04 . What type of companies does this

Describe the new goodwill impairment test and discuss the recent changes resulting from the adoption of ASU 2017-04. What type of companies does this standard impact? Do you believe these changes are beneficial? Consider the effectiveness and efficiency of the new test as compared to the old test. Also think about the impact to the individuals performing the test as well as the users of the public financial statements.

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