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Basic Question 0 of 3
What is the maximum period over which a company may amortize the cost of goodwill for financial reporting?
B. 40 years
C. It is not amortized.
A. Five years
B. 40 years
C. It is not amortized.
User Contributed Comments 3
| User | Comment |
|---|---|
| teddajr | Goodwill is not amortized, but is subject to impairment test (annually). |
| YOUCANDOIT | impairment occurs when fair value < carrying value of goodwill |
| Inaganti6 | @Youcandoit awful kind of you to motivate strangers |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe types and characteristics of non-mortgage asset-backed securities, including the cash flows and risks of each type
CFA® 2025 Level I Curriculum, Volume 4, Module 18.