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While Performing a Goodwill Impairment Test, the Company Had the Following

Question 1

Multiple Choice

While performing a goodwill impairment test, the company had the following information: While performing a goodwill impairment test, the company had the following information: Based upon this information the proper conclusion is: A) The company should recognize a goodwill impairment loss of $20,000. B) Goodwill is not impaired. C) The company should recognize a goodwill impairment loss of $40,000. D) The company should recognize a goodwill impairment loss of $60,000. Based upon this information the proper conclusion is:


A) The company should recognize a goodwill impairment loss of $20,000.
B) Goodwill is not impaired.
C) The company should recognize a goodwill impairment loss of $40,000.
D) The company should recognize a goodwill impairment loss of $60,000.

Correct Answer:

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