U.S.GAAP requires an impairment test for goodwill if ________.
A) the fair value of the reporting unit (including goodwill) is greater than the fair value of its net assets (without goodwill)
B) the fair value of the reporting unit (including goodwill) is less than the fair value of its net assets (without goodwill)
C) the fair value of the reporting unit (including goodwill) is less than the book value of the reporting unit (without goodwill)
D) the fair value of the reporting unit (including goodwill) is less than the book value of the reporting unit (including goodwill)
Correct Answer:
Verified
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