Which Statement Is True Concerning U

Which statement is true concerning U.S. GAAP for the qualitative evaluation of goodwill?

A) You don't have to quantitively evaluate goodwill for impairment if it is more likely than not that the reporting unit's book value is less than its fair value.
B) You don't have to quantitatively evaluate goodwill for impairment if it is more likely than not that the reporting unit's fair value is less than its book value.
C) You don't have to quantitatively evaluate goodwill for impairment if the acquired subsidiary is expected to continue operating in the foreseeable future.
D) The qualitative goodwill evaluation is based on general information on the economy, rather than specific information about the reporting unit's performance.