If the carrying value of goodwill is less than its fair value, an impairment loss must be recorded.

Name: If the carrying value of goodwill is less than its fair value, an impairment loss must be recorded.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

If the carrying value of goodwill is less than its fair value, an impairment loss does not need to be recorded. Impairment only occurs when the carrying value of goodwill exceeds its fair value.

If the Carrying Value of Goodwill Is Less Than Its