3. An auditor is trying to figure out if the goodwill its client recognized when it...
3. An auditor is trying to figure out if the goodwill its client recognized when it purchased a factory has become impaired. What characteristics might be used to help establish a model predicting goodwill impairment?
Homework Answers
Answer:-
1)The fair value of the factory at the present time.
2)The cost of the factory when purchased.
3)The amount of goodwill on the books .
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