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With respect to accounting for goodwill reported in the acquisition of Scalibrini, Inc.: Explain the U.S. GAAP approach for accounting for the impairment of goodwill.

With respect to accounting for goodwill reported in the acquisition of Scalibrini, Inc.:

  1. Explain the U.S. GAAP approach for accounting for the impairment of goodwill.
  2. Discuss the difference between U.S. GAAP and international accounting standards on the accounting for goodwill impairment.

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