According to the Canadian Institute of Chartered Accountants (CICA)handbook,a firm's goodwill is not necessarily amortized but it is subject to ________ at least once a year.
A) an impairment test
B) an impairment charge
C) an asset valuation
D) a capital asset valuation

Question

Quizplus · Accepted Answer

The question mentions that the CICA handbook states that goodwill is not necessarily amortized, but it is subject to an impairment test at least once a year. This means that choice A, an impairment test, is the correct option. Choices B, C, and D are not accurate because they do not reflect the specific requirement mentioned in the question.

According to the Canadian Institute of Chartered Accountants (CICA)handbook,a Firm's