Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 41

When should a consolidated entity recognize a goodwill impairment loss a. If both the fair value of a reporting unit and its associated implied goodwill fall below their respective carrying amounts.
B) Whenever the entity's fair value declines significantly.
C) If a reporting unit's fair value falls below its original acquisition price.
D) Annually on a systematic and rational basis.