Goodwill recognized in a business combination must be allocated across a firm's identified reporting units. For a consolidated entity with multiple reporting units, when is goodwill considered to be impaired? Multiple Choice When the sum of the carrying amounts of all reporting units within a business combination exceeds the sum of their respective fair values When any individual reporting unit's carrying amount exceeds its fair value When any individual reporting units for value exceeds its carrying amount When the sum of the fair values of all reporting units within a business combination exceeds the sum of their respective carrying amounts The advantages of the partnership form of business organization, compared to corporations, include which of the following? Multiple Choice Single taxation O O Ease of raising capital. Mutual agency Limited liability Difficulty of formation