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  2. Topic
    Business
  3. Study Set
    Auditing A Business Risk Approach
  4. Exam
    Exam 14: Audit of Longer-Term Liabilities, equity, acquisitions, and Related-Entity Transactions, long-Term Liabilities, and Equity
  5. Question
    A Possible Impairment of Goodwill Is Determined If the Fair
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A Possible Impairment of Goodwill Is Determined If the Fair

Question 104

Question 104

True/False

A possible impairment of goodwill is determined if the fair value of the related reporting unit is less than the book value of the unit,including the goodwill.

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