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    Auditing A Business Risk Approach
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    Exam 18: Advanced Topics Concerning Complex Audit Judgments
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    If the Market Value of a Company Is Below Book
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If the Market Value of a Company Is Below Book

Question 99

Question 99

True/False

If the market value of a company is below book value and a significant amount of goodwill exists,the presumption is that there has been an impairment of goodwill.

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