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Which of the following are true of impairment evaluation for indefinite-lived intangible assets? Multiple select question. Firms may first assess qualitative factors to determine whether
Which of the following are true of impairment evaluation for indefinite-lived intangible assets? Multiple select question. Firms may first assess qualitative factors to determine whether a quantitative impairment test is necessary. U.S. GAAP allows a two-step impairment evaluation process. Firms may first assess quantitative factors to determine whether a qualitative impairment test is necessary. U.S. GAAP requires that all firms perform both qualitative and quantitative impairment tests
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