U.S.GAAP or IFRS Require Firms to Test

Multiple Choice

U.S.GAAP or IFRS require firms to test

A) annually for impairment losses on goodwill.
B) whenever there is an indication of impairment due to changes in the legal or economic climate.
C) whenever there is an indication of impairment due to adverse regulatory conditions.
D) whenever there is an indication of impairment due to loss of key personnel.
E) all of the above