Of the following items, which would not be a circumstance that may trigger goodwill impairment? Multiple...
Of the following items, which would not be a circumstance that may trigger goodwill impairment?
Multiple Choice
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Recognition of an inventory loss in the financial statements of the parent
-
Unanticipated competition
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Loss of key personnel
-
Adverse action imposed by a regulator
Homework Answers
OPTION: Recognition of an inventory loss in the financial statements of the parent
EXPLANATION:
when goodwill's carrying value on financial statements exceeds its fair value, goodwill impairment is occurred.
Recognition of an inventory loss in the financial statements of the parent does not cause any change in the carrying value of goddwill.
Add Answer to:
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both multiple choice questions are easy to andwer pls answer them 5. Which one of the...
both multiple choice questions are easy to andwer pls answer
them
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