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When should a consolidated entity recognize a goodwill impairment loss? If a reporting units fair value falls below its original acquisition price. Whenever the entitys
When should a consolidated entity recognize a goodwill impairment loss?
If a reporting units fair value falls below its original acquisition price. Whenever the entitys fair value declines significantly. Annually on a systematic and rational basis. If both the fair value of a reporting unit and its associated implied goodwill fall below their respective carrying amountsStep by Step Solution
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