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QUESTION 19 A requirement of GAAP is that companies should review their assets to ensure they are not impaired, especially when a change dictates the

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QUESTION 19 A requirement of GAAP is that companies should review their assets to ensure they are not impaired, especially when a change dictates the book value may not be recoverable a True O False QUESTION 20 An investment of 20% or more in the outstanding common stock of the investee leads to the presumption of significant influence and the use of the consolidation method True False

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