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When should a consolidated entity recognize a goodwill impairment loss? When the fair value of a reporting unit exceeds its respective carrying amount Whenever the

When should a consolidated entity recognize a goodwill impairment loss?

When the fair value of a reporting unit exceeds its respective carrying amount

Whenever the entity's fair value declines significantly

When the fair value of a reporting unit with goodwill falls below its carrying amount

Annually on a systematic and rational basis

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