Please answer with reason why the option is correct and why the other options are incorrect Please answer correct otherwise skip it Which statement below is most likely to be false concerning the qualitative assessment for goodwill impairment? a. The assessment results in fewer earnings manipulations regarding impairment recognition. b. If it is determined that there is a 45% chance the goodwill is impaired, no quantitative testing is required. c. The less time that has passed between the last fair value measurement and the current testing date, the easier it is to make a qualitative assessment of impairment. d. The assessment allows entities to avoid the cost of impairment testing when it is likely that no impairment would be identified through quantitative tests.
Please answer with reason why the option is correct and why the other options are incorrect
Please answer correct otherwise skip it
Which statement below is most likely to be false concerning the qualitative assessment for
a. The assessment results in fewer earnings manipulations regarding impairment recognition.
b. If it is determined that there is a 45% chance the goodwill is impaired, no quantitative testing is required.
c. The less time that has passed between the last fair value measurement and the current testing date, the easier it is to make a qualitative assessment of impairment.
d. The assessment allows entities to avoid the cost of impairment testing when it is likely that no impairment would be identified through quantitative tests.
Step by step
Solved in 2 steps
