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  3. Study Set
    Auditing A Risk Based Approach
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    Exam 16: Advanced Topics Concerning Complex Auditing Judgments
  5. Question
    Assuming That Other Assets Have Been Properly Valued, If the Market
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Assuming That Other Assets Have Been Properly Valued, If the Market

Question 20

Question 20

True/False

Assuming that other assets have been properly valued, if the market value of the reporting unit is equal to the carrying value of the assets of the reporting unit, the presumption is that goodwill has been impaired.

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