If there has been an impairment to goodwill, a disclosure describing the following is necessary:
A. the company's failure to realize expected cost-saving synergies.
B. the method of determining allocations to each reporting unit.
C. amortization of other intangibles.
D. the method of determining the fair value of the associated reporting unit.
Answer: D. the method of determining the fair value of the associated reporting unit.
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When using the effective-interest amortization method, the amount of the interest payment is calculated using the face value of the bonds and the stated interest rate
Indicate whether the statement is true or false
Which of the following is a lender in the primary mortgage market that would make a loan directly to a prospective borrower?
A. Mutual savings banks. B. Federal Housing Administration (FHA). C. Federal Home Loan Mortgage Corporation (FANNIE MAE). D. Government National Mortgage Association (GINNIE MAE).