In testing goodwill for possible impairment, the fair value of the reporting unit's unrecognized intangible assets is ignored.

Name: In testing goodwill for possible impairment, the fair value of the reporting unit's unrecognized intangible assets is ignored.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In testing goodwill for possible impairment, the fair value of the reporting unit, including both recognized and unrecognized intangible assets, is considered to determine if the carrying amount of the reporting unit exceeds its fair value.

In Testing Goodwill for Possible Impairment, the Fair Value of the Reporting