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Testing goodwill for impairment (include all that apply): is done semi-annually requires analysis of the financial performance of assets acquired that created the goodwill creates
Testing goodwill for impairment (include all that apply):
- is done semi-annually
- requires analysis of the financial performance of assets acquired that created the goodwill
- creates a non-cash expense that flows through the income statement if the impairment charge is taken
- creates a rise in the value of the goodwill on the balance sheet if the impairment charge is taken
- all of the above
- none of the above
I am pretty sure that it is the creates a non cash expense option, but the wording of the question does not imply that the impairment has already happened, it says what to do when testing for it, which is making me think that that option mayn't be correct. I also am not sure about the first option I chose.
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