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The US GAAP Option to Use a Qualitative Assessment for Impairment

Question 25

Multiple Choice

The U.S. GAAP option to use a qualitative assessment for impairment testing applies to:


A) Limited life intangibles only
B) Limited life and indefinite life intangibles and goodwill
C) Indefinite life intangibles and goodwill
D) Goodwill only

Correct Answer:

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