Which One of the Following Statements Is Not Accurate About

Multiple Choice

Which one of the following statements is not accurate about goodwill impairment valuations?

A) Goodwill arising from acquisitions can be netted into one test at the operating segment level, but not netted at the company level.
B) Market valuation may be volatile. A temporary decline in market value may not be a good indicator of FMV.
C) FMV might not exist, might require independent appraisals by investment bankers or estimates using cash flow and discounted present value factors.
D) No assumptions are required about competition, economic development, product placement, and so forth.