Go to FASB Codification http://aaahq.org/Research/FASB-GARS. For student access, use Username: AAA51654 Password: V8AEh4E.

5. Read Sections 350-20-35-1 to 350-20-35-1-3 in the FASB Codification. If an entity chooses the Qualitative Assessment and determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, should the entity impair goodwill? Refer to the specific FASB paragraph for your answer.