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Which ONE of the following statements is FALSE? Differential = (Acquisition-date fair value of consideration given plus equity interest in the acquiree previously held by

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Which ONE of the following statements is FALSE? Differential = (Acquisition-date fair value of consideration given plus equity interest in the acquiree previously held by the acquirer plus any noncontrolling interest in the acquiree) - (Acquisition-date book value of the identifiable assets acquired and liabilities assumed). If the fair value of a reporting unit exceeds its carrying value, an impairment of the reporting unit's goodwill is recorded for the amount by which the fair value exceeds the carrying value. The loss on impairment of goodwill may exceed the value of recorded goodwill. Goodwill must be tested for impairment at least annually, at the same time each year, and more frequently if events that are likely to impair the value of goodwill occur

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