During 2001 the Financial Accounting Standards Board in the United States indicated they would look to change a requirement for the treatment of goodwill.That change is:
A) To remove the requirement to amortise goodwill and replace it with a requirement to write-down goodwill to reflect any impairment in value.
B) To allow the recognition of internally generated goodwill.
C) To extend the period over which goodwill may be amortised.
D) To allow the inverted sum-of-digits method of amortisation.
E) None of the given answers.
Correct Answer:
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