Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 2

In 2007 Sprint Nextel Corporation reported a large goodwill impairment loss.Referring to Sprint Nextel's 2007 financial statements and applicable financial reporting standards, answer the following questions:
How often does Sprint Nextel test its goodwill for impairment and what are the testing steps