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Basic Question 4 of 7

Goodwill impairment exists only if the fair value of the business unit ______

A. equals the carrying value of the reporting unit (including goodwill).
B. is greater than the carrying value of the reporting unit (including goodwill).
C. is less than the carrying value of the reporting unit (including goodwill).
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User Contributed Comments 2

User Comment
cong Then move on to the second step.
swisha ^^ only if its under US GAAP.
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Thanks again for your wonderful site ... it definitely made the difference.
Craig Baugh

Craig Baugh

Learning Outcome Statements

explain the financial reporting and disclosures related to goodwill

CFA® 2024 Level I Curriculum, Volume 2, Module 3.